Ideas for our Future
Harnessing our joint Knowledge, Skills and Experience to address the big issues and opportunities of our time
Designing a New Economic and Social Model
for an Age of Innovation and Intelligent Systems
Introduction
ChatGPT has highlighted this topic because the rise of AI is not simply another wave of technology — it is beginning to change the foundations of how economic value is created, how work is organised, and how prosperity is shared. If productivity increasingly comes from intelligent systems rather than human labour, then the assumptions underpinning today’s economic and social model may no longer hold.
At the same time, AI is arriving alongside other major forces — demographic pressures, climate transition, geopolitical shifts, and rapid advances in biotechnology and automation. Taken together, these point to a decade of structural change rather than incremental adjustment.
The risk is that society drifts into a new economic model by accident, shaped by those with the most power or momentum. The opportunity is to think ahead, design alternatives, and ensure that the gains of an AI-enabled economy genuinely improve national wellbeing and are shared fairly.
This is why it is worth Probably42 exploring the issue now — to surface options, test assumptions, and identify proposals that could help the UK navigate this transition with foresight rather than hindsight.
Probably42 Discussion Agenda
The output of this discussion is now available at A New Economic and Social Model. It takes a holistic look at the opportunity to create a new Economic and Social Model which works for the good of all in an AI era.