Our society is designed around the tech constraints of the first and second industrial revolutions. It proved quite successful 50 years ago.
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Before automation advances to a lvl where we can't meaningfully employ most humans for anything else than "being human", we'll need smtg new
"Basic income" is like a quick way to patch a flawed legacy design. What we would actually need is a redesign to take into account new tech.
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Unfortunately inflationary forces are precisely what drives inequality. Asset prices rising faster than wages benefits the wealthy
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In unconstrained fiat money schemes, it's hard to imagine basic income not getting run over by inflation in the long term
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Yes, but "new tech" is only small part of what needs accounting for. First & foremost - human psychology & resistance to change.https://twitter.com/fchollet/status/824356613528039424 …
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Agreed, but in the mean time, the patch is needed.
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I'm all for it, but societal redesigns are very difficult (and historically dangerous). UBI is path of least practical resistance.
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It's like, what's the minimum amount of legislation and agreement required to make homelessness improbable?
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