Core Insights - The article discusses the transformative impact of artificial intelligence (AI) on the economy, suggesting that within the next 1000 days, AI will not only replace jobs but also fundamentally reshape the economic structure of humanity [1][2][5]. Economic Transformation - Emad Mostaque, in his book "The Last Economy," argues that traditional economic indicators like GDP will lose significance in an AI-driven economy, where human labor may not only lose value but could potentially become a liability [2][5][12]. - The current economic models are inadequate in capturing real-world dynamics, as evidenced by significant statistical errors in employment data [10][12]. - Mostaque proposes a new economic measurement system that focuses on "liquidity" and "elasticity," emphasizing the flow of capital, creativity, and talent, rather than solely relying on GDP [12][21]. New Economic Framework - Mostaque introduces the "MIND" framework, which includes four types of capital: Material, Intelligence, Network, and Diversity, to better assess economic health [21][23]. - This framework highlights the interdependence of these capital types, suggesting that the absence of any one type could lead to systemic failure [29]. Stages of Economic Inversion - The article outlines four historical inversions in economic power: land, labor, capital, and currently, intelligence, where AI is set to dominate economic growth [30][34]. - Mostaque emphasizes that we are in the midst of the most significant inversion, where AI is replacing cognitive labor and reshaping the workforce [34][38]. Societal Implications - The rise of AI is expected to lead to increased economic inequality, as companies that leverage AI will have a competitive advantage over those relying on human labor [48][49]. - Mostaque warns of potential societal unrest as AI-driven efficiencies may lead to widespread job displacement, particularly in middle-class professions [48][49]. Future Economic Systems - Mostaque advocates for the establishment of a Universal Basic AI and a new "human-centered" currency to address the challenges posed by AI [52][53]. - He stresses the need for a new economic order that prioritizes collective human knowledge and organized systems to ensure societal stability in an AI-dominated future [53].