Slashdot Mirror
Greece's Former Finance Minister Explains Why A Universal Basic Income Could Save Us (fastcoexist.com)
Charlie Sorrel, writing for FastCoExist: Next time you're having a fight with somebody who doesn't like the idea of a universal basic income, you might employ some of these arguments from Yanis Varoufakis, Greece's former finance minister. In an interview with the Swiss newspaper Tages Anzeiger, he not only refutes the usual arguments against the concept that the government should give everyone a minimum check every month, but he makes them sound quite ridiculous. The interview was published ahead of the Switzerland's vote on a universal basic income (or UBI) in June. If successful, all Swiss adults would get $2,500 per month, and kids around $625 per month, whether or not they have a job. Here are some of Varoufakis's best answers.
First, on the need for a UBI: "For the first time in the history of technology more jobs are destroyed than created. Technical progress means that more and more high-paying jobs will disappear and thus shrink the middle class. This will in turn cause a further concentration of income and wealth in the upper classes. That's why I fight like a basic income for sociopolitical reforms. The robotization [of work] has long been underway, but robots don't buy products. Therefore, a basic income is needed to offset this change and stabilize a society which has an increasing wealth inequality." Then, on why you need a UBI if you already have a good job: "What good is a well-paying job, if you are afraid to lose it? This constant fear paralyzes."Good luck convincing many citizens to do actual work.
First, on the need for a UBI: "For the first time in the history of technology more jobs are destroyed than created. Technical progress means that more and more high-paying jobs will disappear and thus shrink the middle class. This will in turn cause a further concentration of income and wealth in the upper classes. That's why I fight like a basic income for sociopolitical reforms. The robotization [of work] has long been underway, but robots don't buy products. Therefore, a basic income is needed to offset this change and stabilize a society which has an increasing wealth inequality." Then, on why you need a UBI if you already have a good job: "What good is a well-paying job, if you are afraid to lose it? This constant fear paralyzes."Good luck convincing many citizens to do actual work.
I suspect that after a year or so to adjust, we'd see higher employment rates than ever, at least if you count the sort of informal employment that becomes possible once basic needs are a given. Idleness actually gets old pretty fast.
As Carlin pointed out, pot leads to carpentry. So even with that, it might make an interesting new cottage industry.
Dusting off old history books to try to predict the outcome of the invention of strong AI and robots is ludicrous!
Uhh... You realized that you just proved what I said? It only took me to write the "cursed" keyword and you react aggressively without thinking about what I meant. A automatic response, you noticed that?
Religion: The greatest weapon of mass destruction of all time
That's right. There's also a reason why the average country in Europe has a greater level of economic liberty than the US and why the average European has a greater level of economic & social mobility than Americans.
You are welcome on my lawn.
Are you refering to the privileged landowning classes? Or to thier property...the farmers? Or would you also refer to American slaves as capitalists because they calculated to ROI and decided that picking cotton was more profitable then getting hanged?