Getty Images If a universal basic income is used primarily to service debt and secure new loans, it cannot fulfill its promise as a revolutionary pathway to freedom from the whip of the market. On the contrary, such a financialized UBI would simply leave citizens more indebted and dependent on rentier capital.
RIO DE JANEIRO – Universal basic income is hardly a new concept, but it has taken on a new life in recent years. Voices on both the left and the right now argue that a UBI could be the key to addressing major social and structural problems, including […]
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