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Universal Basic Income is Capitalism 2.0 | TimJRobinson
Capitalism began as a theory about how the economy functions. It was both descriptive and prescriptive – it offered an account of how money worked and promoted the idea that reinvesting profits in production leads to fast economic growth. But capitalism gradually became far more than just an economic doctrine. It now encompasses an ethic – a set of
... See moreYuval Noah Harari • Sapiens: A Brief History of Humankind
There are two general approaches to implementing a guaranteed income. An unconditional basic income is paid to every adult citizen regardless of other income sources. Guaranteed minimum incomes (and other variations, such as a negative income tax) are paid only to people at the bottom of the income distribution and are phased out as other income so
... See moreMartin Ford • Rise of the Robots: Technology and the Threat of a Jobless Future
While the tendency to extreme supply means everything will become permanently cheaper – from food to transport and clothing – all as a result of each factor of production falling in price thanks to the central role of information, in the absence of an appropriate politics this will only lead to novel forms of profiteering. Marx expressed this perfe
... See moreAaron Bastani • Fully Automated Luxury Communism
