Since WWII, capitalism and democracy have shaped our economy—bringing prosperity but also rising inequality. Now, AI promises another economic leap, potentially boosting global GDP by up to 15% in a decade. The critical question is: will this wealth be shared widely or concentrated in few hands?
The AI-Enabled Leap in Productivity
Just last weekend, using Replit—one of many emerging AI-powered “vibe” coding tools—I developed an enterprise application that traditionally would have needed a team and six months of effort. These tools are making business solutions more sophisticated, cheaper, and accessible to individuals and small teams alike.
Transforming ERP and Clinical Data Management
In my expertise areas—enterprise resource planning (ERP) and clinical data management—AI is transforming workflows once considered resource-heavy and complex. ERP systems can now be built and adapted in days, and clinical data tasks are increasingly automated, improving accuracy and freeing experts for higher-level work.
The Future of Work: Beyond Job Loss
Experts estimate AI could disrupt up to 40% of global jobs. But beyond job loss, we must rethink work’s purpose. If AI enables abundance, how do we ensure fair distribution so all benefit?
A Political Signal: Zohran Mamdani’s Mayoral Win
Democratic primary victory of Zohran Mamdani, a progressive socialist, in the New York City mayoral race is telling. This win sends a clear message about the rising appeal of policies centered on equity, affordability, and robust public investment, especially among younger generations.
Humans Choice: Inclusive Prosperity or Growing Divide
Handled wisely, AI could reduce poverty and inequality while boosting prosperity. Mismanaged, it risks worsening divides and social unrest.
Final Thoughts: Defining Our Future
Ultimately, AI’s impact depends on our choices: Will we use it to build a more inclusive future or deepen old inequities? That decision will define the next era of economic and political ideology.
Anyone Can Do Anybody's Job with AI – End or New Capitalism?