Bloomberg Surveillance · Friday, July 17, 2026
Economist Nouriel Roubini suggested that the AI revolution, while potentially leading to widespread job displacement, could also usher in an era of unprecedented wealth creation. He posited that if AI adoption leads to significant economic growth, governments might implement universal basic income or take stakes in major tech firms, effectively leading to a form of socialism to redistribute wealth.
“Yeah, but I suppose that God goes from two to four by the end of the decade, and that's going to be six percent by two thousand and forty or ten percent by two thousand and fifty, because they're going to get to AGI. Then we've grown doubling every five years a ten percent you can tax the winner, redistribute everybody to everybody else, and make everybody better off.”
“We'll have either expository distribution that is universal busy income, or we'll have it something means some form of socialism. Essentially, the government's going to take over some fraction of the big tech firms, as they're already willing to do five ten percent of it.”
“It's optimist. With ten percent growth and machines doing all the work, we don't need to work.”