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Even Hayek approved the idea of a universal basic income. The freedom that a free market provides can only exist when each side of the agreement are free to wal
by o_p 6y ago
Even Hayek approved the idea of a universal basic income. The freedom that a free market provides can only exist when each side of the agreement are free to walk away, in reality many people are in a 'work for me for low pay and bad conditions or starve' kinda of deal which is effectively coercion and against any idea of freedom.
Instead of directly giving people money they build highly inefficient aid programs full of bureaucracy just because of pure distrust, if you dont believe that the individual can make the best decisions for themselves and society then you dont really believe in capitalism.
- syshum 6y agoHayek as a proponent of Basic Income, not Unversal Basic Income Hayek believed Basic Income should only be offered to those who genuinely unable to work or provide for themselves in the economy