“PROFESSOR’S TEASER Here is an interesting teaser from Harvard economics professor Greg Mankiw, in a blog post entitled ‘A quick note on a universal basic income’.25 Consider an economy in which average income is $50,000 but with much income inequality.… — Guy Standing Copy Share Image
“The ethical and philosophical justifications for basic income – social justice, freedom and economic security – have been well established. They are embedded in… — Guy Standing Copy Share Image
What we can say with confidence is that the technological revolution is worsening inequality, due mostly to mechanisms that limit free markets. It is… — Guy Standing Copy Share Image
“While there are reasons to be sceptical about the predicted technological dystopia that has prompted many high-tech plutocrats to come out in support of… — Guy Standing Copy Share Image
“Selective paternalism, for those on low incomes or for other groups needing state assistance, is perhaps even worse than general paternalism, since the minority… — Guy Standing Copy Share Image
A democratically governed national fracking fund should be set up, perhaps similar to what Norway and Alaska have. Areas of drilling should be rented… — Guy Standing Copy Share Image
Many low-income people in the U.S.A. charged with a crime opt to plead guilty to a lesser offence because they cannot afford to go… — Guy Standing Copy Share Image
“Ironically, opponents of basic income on the grounds that it would lead to a dismantling of the welfare state tend to support some variant… — Guy Standing Copy Share Image
Globalisation began what should be called the Great Convergence, creating a globalising labour market in which wages in emerging market economies slowly converge with… — Guy Standing Copy Share Image
“Although reducing poverty, economic insecurity, malnutrition and ill-health should be the primary driving forces, an additional factor is the stress being placed on societies… — Guy Standing Copy Share Image
“The first basic income pilot in a developing country was implemented in the small Namibian village of Otjivero-Omitara in 2008–9, covering about 1,000 people.40… — Guy Standing Copy Share Image
“Leaving aside instrumental reasons for supporting a basic income, the thrill lies in the potential to advance full freedom and social justice, and the… — Guy Standing Copy Share Image
