The American Interest isn’t impressed with proposals for a “universal basic income” approach to welfare, particularly as a means of adjusting for a changing economy: It’s easy to see why this idea is appealing to Silicon Valley technologists, to economic policy wonks, to citizens of rationalia. It satisfies fully the demands of what Shadi Hamid has called “chart-based” liberalism, with its homo economicus model of human behavior. Globalized capitalism is exacerbating inequality and squeezing jobs outside of metropolitan centers? The capitalist winners can just pay off the losers with a UBI and go about their merry way. The price […]
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