[File Photo] One sign global inequality is reaching crisis proportions: In mainstream economic circles, the once-radical idea of free money for all is gaining currency.
The concept, formally known as "universal basic income," was a hot topic at this year’s annual meeting of the World Economic Forum annual meeting in Davos, Switzerland. And while not a new idea, it is now being taken seriously, said Guy Standing, an economist at SOAS University of London.
"For 30 years I’ve been working on basic income, and for the first 20 years I was regarded as mad, bad and dangerous to know," Standing told […]
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