Creating a New Economy in the Age of AI

8 snips

Jun 9, 2025

Jenny Kassan, CEO of Baltimore Community Commons and a securities lawyer, dives into the economic shifts driven by AI. She discusses the looming threat of job loss and innovative solutions like time banking and alternative currencies that can empower communities. Kassan emphasizes the importance of valuing non-monetary contributions, fostering human connections, and reimagining how we approach work in a rapidly changing landscape. Her insights challenge us to consider a future where economy prioritizes human well-being over mere profit.

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ANECDOTE

Time Banking in Practice

Andrew Yang shares how time banking can work through a personal example involving tutoring and cooking.
This example illustrates the exchange of diverse services with time credits within a community economy.

INSIGHT

AI Disrupts All Jobs

AI will automate many jobs irrespective of employee skill or education level.
This disruption requires rethinking the economy beyond the current dollar-based system.

INSIGHT

Wealth Concentration Problem

Wealth concentrates as capital gains more value than labor income.
Many lack access to capital, so new financing models and non-dollar economies are needed to address inequality.

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Freakonomics

A Rogue Economist Explores the Hidden Side of Everything

Andrea Montero Cusset

Steven D. Levitt

Stephen J. Dubner

Freakonomics is a collaboration between economist Steven D. Levitt and journalist Stephen J. Dubner that delves into the riddles of everyday life, from cheating and crime to parenting and sports. The book argues that economics is fundamentally the study of incentives and how people get what they want or need, especially when others want or need the same thing. It covers various topics such as the inner workings of a crack gang, the truth about real estate agents, and the secrets of the Ku Klux Klan, using forceful storytelling and wry insight to challenge conventional wisdom.

Capital

Karl Marx

Das Kapital is a comprehensive critique of capitalism written by Karl Marx. The work is divided into three volumes. Volume I, published in 1867, focuses on the production process of capital, introducing the concept of surplus value and the exploitation of labor. Volume II, published posthumously in 1885, examines the circulation of capital, while Volume III, published in 1894, discusses the capitalist process as a whole, including the internal differentiation of the capitalist class and the tendency of the rate of profit to fall. Marx argues that capitalism is characterized by the exploitation of labor, leading to class conflict and eventual crises that necessitate the emergence of a new mode of production[1][4][5].

The War on Normal People

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Andrew Yang

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Andrew Yang

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No more throw-away people

The Co-Production Imperative

Edgar S. Cahn

This book introduces Co-Production as a bold strategy to empower marginalized communities by valuing their contributions and fostering mutual exchange. It explores how Time Dollars can transform social services by recognizing the worth of non-market activities and promoting community involvement. The book offers practical examples of how this approach can improve social justice outcomes.