Universal income in a market system would subsidise wage cuts and disguise benefit cuts (photo: taxrebate.org.uk/CC ) Few could have imagined when the Tories won the 2019 general election in Britain that five months later they would be carrying through measures of state intervention beyond the scale even of Jeremy Corbyn’s Labour manifesto.
With tens of millions now pushed into insecurity overnight by the Covid-19 lockdown, Chancellor Rishi Sunak’s furlough scheme has effectively already seen the government take the step of temporarily ‘nationalising’ 7.5 million wages.
Following on from this, the spectre of a wave of a deep, protracted global economic […]
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