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Economist warns of 'mad max' future due to ai crisis

AI Sparks Dystopian Fears | Economists Warn of Skill Obsolescence

By

Fatima El-Hawari

Jul 10, 2025, 07:36 PM

Edited By

Amina Kwame

3 minutes needed to read

A desolate cityscape resembling a 'Mad Max' future, featuring crumbling structures and signs of decay, symbolizing the potential impact of AI on society.
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As advancements in artificial intelligence accelerate, a leading economist has raised alarms about the potential for a dystopian future reminiscent of the Mad Max series. The warnings come amid a notable lack of regulatory measures to keep pace with technology's rapid development.

Growing Concerns about Regulation

The economist suggests that unless key players in AI develop robust regulations, we could face a scenario where people's skills become irrelevant. Commenters on various forums echo these sentiments, questioning whether society can truly prevent such drastic changes. β€œAI is moving so fast. We’ve barely begun to scratch the surface of regulation,” one user noted, calling for ongoing discussions among experts.

Opinions Leaning Towards Doomsday

Many discussions reflect a grim outlook, with one commenter bluntly stating, "Yes. Embrace doomsday, we aren’t able to stop it now.” Others point out the dangers of unchecked greed in the tech industry, warning that a small elite may exploit advancements at the expense of everyone else. Another comment stated bluntly that problems stem from a few greedy individuals, questioning if humanity will actively resist or simply watch as events unfold.

Diverging Views on Potential Outcomes

The conversation reflects mixed opinions about the future. Some suggest that we may end up in a utopia or a gory apocalypse, while others offer a more pragmatic viewpoint. Comments range from dismissals of the economist's claims to concerns about resource scarcity as bases for potential chaos. One critic responded, β€œHow is that mad max? Not one AI in those movies.”

β€œThe bad outcomes are all due to the greed of a select few,” one comment succinctly sums up the general fear about the technology’s impact on society.

Key Insights from the Conversation

  • πŸ”΄ Many believe the current pace of AI development could lead to obsolescence of human skills.

  • πŸ”΄ Calls for regulations are strong, especially as the EU takes initial steps.

  • πŸ“‰ β€œEconomists are the broken clocks of the 21st century,” reflects skepticism towards expert predictions.

As AI continues to push boundaries, one question remains: Can society adapt in time to prevent a future resembling dystopian fiction?

With ongoing dialogues on forums, experts must address these concerns to chart a responsible path forward.

Facing the Future of AI

Experts predict that without timely interventions, there’s a strong chance that widespread skill obsolescence will not be an isolated event but a societal norm. Current discussions point towards a scenario over the next decade where as much as 30% of the workforce could find their roles replaced by AI technologies. This shift might lead to an increase in inequality, as the significant gains from AI are concentrated among a small group of companies and individuals. Despite regulators' initial steps, the pace of regulation may lag, creating a volatile environment where society struggles to adapt. If proactive measures and clear guidelines aren’t established, we may face a reality where daily life becomes a constant negotiation of value between humans and technology.

A Lesson from the Industrial Revolution

Drawing a parallel from history, consider the transition during the Industrial Revolution, where the introduction of machines initially devastated traditional crafts. Many skilled artisans saw their occupations vanish, signaling an abrupt change in the labor landscape. Yet, from that upheaval, a shift towards new industries and jobs emergedβ€”albeit not without significant hardship for countless families. Just as the past required time, adaptability, and a willingness to learn new trades, today’s society might also need to shift perspectives and skills to reclaim relevance in a tech-driven world. This historical lesson serves as a reminder that, while change is daunting, it often leads to unforeseen growth and renewal.