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Basic income

1 Sep

basic-income

Read about basic income on the Basic Income Earth Network website.

Apparently it’s become a fashionable topic, even a movement, motivated by concerns about rampant unemployment in developed economies, especially in Europe. I suppose the unemployment in question is driven in part by globalization of labor markets, volatility of the global financial system and credit markets, austerity policies, and jobs automation.

I’ve long thought of something like basic income as essential to the attainment of universal political freedom.  Glad to find intellectual fashions sliding into line with my knucklehead musings.

Here’s Varoufakis making the case — contra free-market libertarian objections, among others — that “Freedom in action requires a basic income.”

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Eat democracy

30 Aug

Yanis Varoufakis, “Capitalism will eat democracy — unless we speak up”.  Ted Talk, December 2015.