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Inflation shouldn't be happening in an economic regime where UBI makes sense. UBI makes sense when science and technology make production so efficient that nor
by carapace 4y ago
Inflation shouldn't be happening in an economic regime where UBI makes sense. UBI makes sense when science and technology make production so efficient that normal people are shut out of the economy, they can't compete with corporations for the available economic opportunities.
What to do with the surplus population? The simplest solution is to give them money. It really doesn't matter what form it takes, so long as there's a way to get food and material needs met once robots take all the jobs.
- nobodyandproud 4y agoThat seems more like science fiction than fact. Food we’re producing efficiently but housing & land, clothes, potable water, and infrastructure not so much.
- carapace 4y ago> That seems more like science fiction than fact. It's not evenly distributed yet but the future is here: radio-networked pocket supercomputers; print-on-demand machines, and DNA; etc... > housing & land, clothes, potable water, and infrastructure Except for land itself, all of those things have become exponentially cheaper in the last few decades. That is, cheaper to make. Housing in particular is kept artificially scarce, largely due to its role as a financial instrument.
- nobodyandproud 4y ago> Except for land itself, all of those things have become exponentially cheaper in the last few decades. That is, cheaper to make. Housing in particular is kept artificially scarce, largely due to its role as a financial instrument. You have that backwards. Housing is a financial instrument, because demand for housing remains high in specific areas; far in excess of supply. Choose a less popular rust-belt city and the home cost will be one third to one quarter of the coastal cities. Housing is also expensive because of the labor involved.