For some sections of the radical and not-so-radical left, the idea of universal basic income (UBI) is the new utopian program. A UBI is a periodic minimum income guaranteed to all citizens, regardless of their employment, wealth, or domestic status. In other words, it’s a no-strings-attached state wealth transfer, a price-tagged right for precariat and tech billionaire alike.
But there’s a reason why UBI has proponents among the libertarian right , why Elon Musk and Mark Zuckerberg support it. We should see UBI as the warmed-up death of Keynesian welfarism, and see the historical pattern: the original welfare state was, […]
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