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Science and Technology

On this May Day 2026, the traditional celebration of labor confronts a chilling economic reality: the “Capitalist Loop” is expiring. With global populations peaking and Goldman Sachs predicting 300 million jobs exposed to AI, the world is entering an era of “Degrowth.” As humanoid robots reach a price point of $20,000, undercutting human labor by 90%, a central paradox emerges: if machines do the work and owners take the profit, who earns the income to buy the output? From Japan’s “profit concentration” model to the rise of the State as Buyer of Last Resort, we explore the five remaining sources of global demand and the uncomfortable necessity of rewriting the rules on taxes, ownership, and UBI.

Mandapam, was envisioned as one of the largest artificial intelligence gatherings ever organized
in the country. Designed to position India as a global leader in AI innovation and collaboration,
the summit aimed to connect policymakers, global tech leaders, startups, researchers, and
students under one roof. With more than three lakh delegates attending from across India and
abroad, the scale of the event reflected the nation’s growing ambition to lead the AI revolution.
However, despite its grand vision, the summit quickly became overshadowed by logistical
mismanagement and widespread chaos.

OpenAI has selected India as the first country for its Learning Accelerator Program. This important initiative aims to integrate AI into the education system. The main goal, according to Asia-Pacific Head Rajiv R. Gupta, is to transform education and close the resource and quality gap for over 300 million students.

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