AI isn't just another tech revolution-it could transform capitalism beyond recognition
New Delhi, May 18 -- Two centuries and a half ago, Adam Smith used the example of a pin factory in The Wealth of Nations to explain how capitalism uses division of labour to boost productivity by splitting production into specialized tasks done by workers paid to work in close coordination for efficiency.
But what happens to this model if AI agents run factories and companies?
Andon Labs, a US-based startup, runs a cafe where tasks like inventory control, hiring, scheduling and operations are supervised by Mona, an AI agent powered by Google Gemini, even as human baristas brew and serve coffee. Anthropic's Claude Sonnet 3.7, OpenClaw artifacts and other tools have also shown an ability to run businesses.
How long before complex firms t...
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