Thursday, April 21, 2016

another look at universal basic income

"That is the sort of freedom that sounds like blasphemy to conventional, liberal, 'free-market' economists. In today’s understanding of the economic facts, individuals have the freedom to choose how they are exploited – but they cannot choose to escape exploitation, unless they are born wealthy. Basic income seeks to change that, not just because it is the right thing to do but because the coming labour crisis may soon leave world governments, whatever their orthodoxy, with no other choice.
'If we don’t disconnect work and income, humans will have to compete more and more with computers,' Bohmeyer explains. 'This is a competition they will lose sooner than we think. The result will be mass unemployment,' he says, 'and no money left for consumption.'"

I look forward to these tests.

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