The World Bank building in Washington in 2021. (Andrew Harnik/AP) Over the past decade, the idea of a basic income has grown an increasingly loyal constituency among Silicon Valley billionaires. From Facebook’s ex-CEO Chris Hughes, whose Economic Security Project has funded pilots in several U.S. cities, to ex-Twitter CEO Jack Dorsey’s endorsement of the NGO GiveDirectly’s work in Kenya, tech barons have donated millions for such programs around the globe.
Its attraction for tech seems intuitive. Cash transfers’ anti-bureaucratic ethos offered the perfect way to address poverty without reviving the postwar welfare state. As Mark Zuckerberg argued , the proposal […]
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