Inflation, corruption and growing inequality
A universal basic income (UBI) is a surprising idea in a country historically hostile to the concept of the welfare state, but Lee Jae-myung, Democratic Party candidate in South Korea’s presidential election this March, is pushing for exactly that. As governor of Kyonggi Province (2018-21), he ran a six-month trial. Philippe Turpin · Getty In December 2020 Lee was unequivocal: ‘Without a universal basic income, capitalism will break down’. This position evolved into an ambitious campaign pledge. In July 2021 he told journalists that, by the end of his five-year mandate, every young person would […]
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