As the income gap continues to widen and poverty is on the rise in Australia and other industrialised nations as result of decades of neo-liberal economic policies, the concept of a universal basic income is being touted in conservative quarters and amongst some left economists. Trials are underway for some form of basic income for unemployed in Canada, Finland, the US and several other European countries. The concept dates back to the Renaissance of the 16th century where with the new mercantilism it was no longer seen as the preserve of the church and charitable individuals to cater for […]
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