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>hen the State becomes a dominating force in the economy, and the principles of the market economy start to break down But isn't that the second element of thi
by djaychela 3y ago
>hen the State becomes a dominating force in the economy, and the principles of the market economy start to break down
But isn't that the second element of this? The principles of the market economy break down because most people won't have anything to offer in the market, not because the government is over-reaching by trying to provide support for people who no longer have any legal means of supporting themselves in a market where their value is now zero.
We're going to be in very dangerous territory, but it's not because of government meddling (which is how I read your comment as viewing UBI - sorry if this isn't the case, but there are quite a few free market opinions on here, so again sorry if I'm misrepresenting your views). It's because the very thing that all economic models are based on is about to have the rug pulled from underneath it. The models will need to be altered as production without labour is about to become much more common.