Boston Review: Basic Income Is a Dead End

Boston Review: Basic Income Is a Dead End

Basic income is the last possible way for capitalism to save itself. It’s far superior to just….not doing it, but it still doesn’t address the fundamental issue underlying the problem: who controls the means of production? The reason we would need basic income is because otherwise we will have a society where the bourgeoisie controls the machines and everyone else would otherwise starve since jobs are rendered meaningless in an automated future. Basic income without transforming the concept of property rights is only a bandaid. Basic income exists to spread a little bit of the wealth but not hand […]

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