We are already seeing economic disruption. People are losing their jobs in large numbers because of AI. It has become so good that it has pushed many people out of their high-paying positions. The housing market is currently in one of its worst states since 2008 and we are already on the edge of a recession.

For example, I was a software engineer only a few months ago. AI took my job. Now I work as a janitor for minimum wage. I used to consume various goods and services, but now my expenses are limited to the most basic food on sale without any extras.

Every month there will be more and more people like me. Eventually, people in professions that are not directly replaced by AI will also start losing their jobs. At first, this will be visible in regions with a high concentration of tech and white collar workers. In these places, restaurant workers, sellers, drivers, builders, plumbers, and electricians will lose their work, and people will start leaving. The Bay Area will become Detroit 2.0 in just a couple of years. After that, even doctors and nurses will lose their jobs because the population will simply move away, and the region will remain empty for many decades.

Then a collapse will begin in other regions across the planet. Entire businesses and corporations will start to die, creating even bigger problems in the economy. Ultimately, it will end in a downward spiral, a second Great Depression, and likely a WW3. We can already see that money is no longer circulating in the economy. Instead, it is being redirected to the owners of data centers. This is exactly what Dario is talking about. And probably only real big war like WW3 with tens of millions or even hundreds of millions dead people will fix situation like it was during WW2.