2 ms·
What a nonsensical article. It's clearly written for those who want to find populist reasons to frame capital as the enemy, all while ignoring basic economics o
by ztratar 9y ago
What a nonsensical article. It's clearly written for those who want to find populist reasons to frame capital as the enemy, all while ignoring basic economics or arguments.
#1: UBI is a dramatic potential restructuring of demand generation. It impacts markets, regulations, and all of the above the author stated as being ignored.
#2: Demand generation economics mostly comes from Keynes. They have been studied extensively and implemented across the board post WW2. How capital is distributed to education (free college), is a matter of public policy & not economic principle.
#3: This author needs to read more into basic economics and approach writing about such matters without a clear bias. Yes, we live in an era of massive inequality. But no, not all successful capitalists are out to create an economic system against "the people." I know multiple techno-capitalists with massive success, and many of them are interested in donating the majority of their wealth. They see UBI as an experiment that can help stabilize our domestic wealth & reduce inequality. This author is using misinformation to create a negative reaction, and her economic reasoning is weak at best. It's propaganda.
Recommended Reading:
- "Super Imperialism" by Michael Hudson
- "The War on Normal People" by Andrew Yang
- https://en.wikipedia.org/wiki/Post%E2%80%93World_War_II_economic_expansion https://en.wikipedia.org/wiki/Post%E2%80%93World_War_II_econ...