It’s Time to Shift the Economy into Fourth Gear Capitalism with Basic Income

It’s Time to Shift the Economy into Fourth Gear Capitalism with Basic Income

I agree that automating away human labor and transitioning to a new way of distributing income is something we need to do, but I’m not convinced that universal basic income is the best way of going about it.

My worry about UBI is that it might create classes of owners of the automated production and UBI recipients, with only entrepreneurship as a means of social mobility. That might be fine with a moral and egalitarian government, and as the article points out, would encourage entrepreneurship. But suppose you have an amoral government; the sort that’s primarily concerned with maintaining its […]

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