British Sterling notes (Flickr/Howard Lake) Basic income is often dismissed as far-Left utopian thinking. Yet long before Shadow Chancellor John McDonnell and Green Party MP Caroline Lucas were backing the idea, it was being proposed by free-market royalty. ‘It is important that basic income isn’t the sole preserve of the anti-market Left, because it could be free marketeers’ best way of responding to the challenges of automation’ Nobel Laureates Friedrich Hayek, Milton Friedman and George Stigler have all argued that unconditional cash payments would be an improvement on today’s labyrinthine welfare state.
Left-wing councils may be piloting it in Scotland, […]
Full Post at inews.co.uk