Switzerland recently held a referendum on a Universal Basic Income (UBI) for all citizens. Voters rejected the proposal 77 per cent to 23 per cent because of its prohibitive cost and implicit reward for idleness. But the idea has caught the imagination of intellectuals across the world and in India. UBI is the centrepiece of Vijay Joshi’s latest book, India’s Long Road: The Search for Prosperity. It has been advocated by economists like Pranab Bardhan and Maitreesh Ghatak.
Many leftists welcome UBI as a fundamental right, and an antidote to poverty. Many rightists see it as a way of […]
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