Basic Income April 29, 2016Posted by WorldbyStorm in Uncategorized.
I’ve noted before that I’m not hugely fond of Freakonomics. But every once in a while I’ll listen to the podcast and every so often there’ll be something interesting. For example, in the course of a broadly positive overview of basic income schemes recently – and noting that many economists are coming around to it due to certain trends in employment and so on the following point was made that far from BI schemes weakening research and development ‘some of the great cultural break throughs (in the 19th century) were made by people who did not work’. Scions of the aristocracy, those who had their own guaranteed incomes from the ever expanding capitalism and whoever. And it’s worth noting that for certain sections in society – those just mentioned basic income, and indeed more than basic income, was a part and parcel of the social (and economic) existence.
Of course BI’s are far from being the concern of the left. Milton Friedman was a fan (though IIRC he also agreed with universal healthcare). And one entrepreneur was open that it was an almost libertarian approach (of sorts). But… the sort of pressures that are coming it is difficult not to think that some fairly radical ideas are going to get practical outings sooner rather than later.