Imagine a world where you don’t have to work for money… Imagine a world where you’re free to explore your passions and purpose without going broke. Where you can use technology to create your ideal lifestyle. Just imagine what the world would be like if you could spend your time doing what you love. A future where people simply work because they enjoy what they do. A future where anyone can start a business and make their dreams come true. Imagine a world with absolutely no bureaucracy. In this world, everyone is an entrepreneur.

Such a wold is possible … if we change our habits. Find out how.

The technological singularity will affect our work and our life’s purpose. The singularity is the point in time when humans lose control over the technology they have created. It is the point when machines surpass human intelligence and evolve by themselves. How will we earn money when our labor and skills are not needed to that extent anymore? What if machines can perform almost all work to run the economy and produce the products and services that we need and desire? Sounds like science-fiction? Not at all. We are already entering such a world. The book “The Wealth of Generations” covers ways to prepare us for such a world.

Between the 1500s and 1700s, as a way to make money, people were mainly trading goods. This system was called Mercantilism, and it was built on the idea to make money when purchasing goods in one region and selling them in another province for more money to make a profit. 

In the mid-1700s, however, when nations formed and Adam Smith’s work The Wealth of Nations became known, Capitalism became the new prevalent economic system. This new paradigm has been based on the division of labor to create value by processing goods and materials. The idea of modern manufacturing was born. Now, the economic system was driven by two forces: trade and a labor-intensive component to create value and profits. 

Today, this capitalistic system has created groups of individuals and families who became ultra-rich, ultra-wealthy. This same system has also created an army of workers and employees with some financial freedom but neglectable wealth. However, we have seen the gap between rich and poor grow for many decades. This new phenomenon has been first described by Joanie Bronfman, who originally coined the new term Wealthism in her 1987 doctoral dissertation at Brandeis University. Today, we can see Wealthism as a system where wealth is the fundamental factor of prosperity, whereas financial differences between classes create enormous tensions between wealthy and poor people.

Mercantilism and capitalism have brought unseen freedom and wealth to many. However, these economic systems are based on the assumption that humans can participate in that system by providing labor. This paradigm is changing today. The rate of technological progress is starting to exceed human abilities to adapt and to compete. This process will end with the result that all (labor-intensive) work can be done by technology.