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In this episode of Exploring Prosperity, I sit down with Naeem Zamindar to examine one of the most important structural shifts underway in the global economy: the rise of artificial intelligence and its implications for capital, labor, productivity, and asset allocation. Is AI simply another productivity tool? Or is it something more disruptive — a force that reshapes competitive advantage, compresses labor demand, and concentrates returns in capital? We discuss: • Whether AI growth can coexist with labor stagnation • How exponential innovation affects corporate margins and pricing power • The capital intensity and energy demands of large AI systems • Why traditional economic models may struggle to explain what’s happening • What investors should watch as this transition unfolds If the relationship between capital and labor is changing, portfolio construction must change with it. Read my essay about this here: https://robertdewey3.substack.com/p/a... Exploring Prosperity exists to test whether pessimism about the future is justified — or whether capitalism continues to generate rising living standards despite structural change. This conversation goes directly to that question. Watch the full interview and let me know your thoughts in the comments. Subscribe for long-form conversations on markets, macro, technology, Bitcoin, and the future of prosperity. Thank you very much to our sponsors: Truflation: BUY Truflation products/services and save 10% using code BOBDEW10. Learn about what prices are actually doing by going to https://truflation.com/ Foundation: Protect your Bitcoin using the latest off-line technology with easy-to-use Passport. Their next product, Passport Prime will protect all passwords off-line with even-better technology. https://foundation.xyz/ River Financial: If not cold storage for your Bitcoin, I’d highly recommend River for buying and holding- River is engineered to protect your Bitcoin over the long run. Use this link for discounts: https://river.com/signup?r=T7GGAF7G Timestamps: 00:00 – Introduction: Is AI Changing What It Means to Be Human? 01:00 – Body, Mind, and the Industrial vs Knowledge Age 02:02 – Naeem’s Core Thesis: The Spirit as the Next Frontier 04:24 – Consciousness, Oneness, and Human Potential 07:20 – Why We’ve Neglected the “Spiritual Muscle” 13:03 – Naeem’s Personal Journey (Venture Capital to Meditation) 16:44 – Anxiety, Presence, and Living in the Moment 21:41 – AI as a Tool for Human Awakening 23:56 – Can Spirituality Be Measured? (Harvard Happiness Study) 32:21 – Belonging, Responsibility, and Power 35:12 – AI, Desperation, and the Coming Middle-Class Disruption 40:14 – How AI Will Transform Education 45:08 – Personalized Learning, Healthcare, and Human Empowerment 48:58 – The AI Platform: Heal, Awaken, Enable