Capitalism Doesn’t Need Consumers | Economics Explained

Learn how you can use AI tools with Hubspot’s Free eBook: After the launch of Chat-GPT and Dall-E, AI started to raise concerns for jobs and society. As machines and sophisticated technologies surpass human abilities, a growing number of complex jobs are being outsourced to machines who can do better work for a lower cost. This prompts questions about how economic systems can adapt to most people having a net negative economic value. This video was made possible by our Patreon community! ❤️ See new videos early, participate in exclusive Q&As, and more! ➡️ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ The Economic Explained team uses Statista for conducting our research. Check out their YouTube channel: Enjoyed the video? Comment below! 💬 ⭑ Enjoyed? Hit the like button! 👍 Check out our second channel Economics Explained Essentials → @economicsexplainedessentia551 ✉️ Business Enquiries → hello@ 🎧 Listen to EE on Spotify! 👉 Also on Apple Podcasts or anywhere else you listen! Follow EE on social media: Twitter 🐦 → Facebook → Instagram → TikTok → @economicsexplained #Economics #Explained #EconomicsExplained ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏 Support EE by becoming a Patron today! 👉 The video you’re watching right now would not exist without the monthly support provided by our generous Patrons: MIDDLE CLASS PATRONS Andrew, Petronio, Istvan, Donald, David, Patrick, Demo, Arjan, Andrey, Ash, Jim, Michael, Shane, Eric, Simon, Stefano, Marton, Tahsin Likes Chips, Alex, Elisabeth, Empyre18, Seth, Dragan, Tenebrion, Jason, Aimee, Jamie, Rick, John, Leah, Bacongravy, Klaus, Ps0Fa, Abel, Adam, Brian, Johann, Leonid, Thomas, Nicholas, TParkin, Kim, Ted, Joshua, John, Joe, Wees, Justin, Karan, Alex, roGER, Marton, Randy, Liubov, Jeff, Michael, Long, hunter, Craig, Kent, Stefan, ZETTAwith3TEEES, Zac, Jacqueline, Roman~1, Chris, Wesley, Robert, David, Anthony, Arend Peter, Daniel, Kamil, Dodd, Leo, How long can a profile name be... this long... Wow, this is longer than I would have expected. Good lord, the letters! Secunda!, Hugh, David, Will, Kheng Lai, Scott, Jane, Zachary, Michael, Steffen, skuerzo, Siegfried, PM, Jack, michael, Jonathan, Franklin, Trevor, Marcel, Daniel, Bradley, Connor, John, Kevin, Travis, Matthew, Andrew, Zachary, AZbytes, Johannes, Reuben, Nigel, Jacob, AB3, Sridev, Matt, Norrawed, Victor, Pedro, Michael, John, Rimvydas, George, John, Shivan, Caleb, Brenton, Hayden. UPPER MIDDLE CLASS PATRONS Anthony, Cy ’kkm’ K’Nelson, Stephanie, JKH, Grégoire, Mikhail1, Laor, Maximiliano, Pineapples&bricks, Peter, std__mpa, Bac, Michael, Bob, Frank, David, Jay, Ryan, Sophie, Brett, Jill, Nathan, Post Apocalyptic In Missouri, Constanza, Kib, Forodon, Daniel, Paul, Igor, Mcfeld, Wendover Productions, Andrew, Morgon, Igor. UPPER CLASS PATRONS Jeromy Johnson, Juan Benet