5 ms·
UBI will be introduced, just not in the way most of us would like. It will be throught Quantitive Easing, as currently done by FED. What QE does is - it concen
by mamon 6y ago
UBI will be introduced, just not in the way most of us would like. It will be throught Quantitive Easing, as currently done by FED.
What QE does is - it concentrates the wealth in hands of 0.1% of society. Each financial crisis (2008, 2020) only speeds up this process. Once top 0.1 owns more than, say 90% of wealth we will be back to ancient Rome - "panem et circenses", wealthy people throwing some scraps of wealth towards mases, just enough to keep them from revolting.
Gig economy will also play some role: we are slowly cooking the frog, getting people used to the fact that they don't own their homes, or their cars, they do not have pemanent jobs. Everything they have is a short term rental. They are living using borrowed things, on borrowed time...