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An economy, and likely a society, fails if everyone is at the mercy of a UBI.
by _heimdall 7mo ago
An economy, and likely a society, fails if everyone is at the mercy of a UBI.
- copperx 7mo agoBut what's the alternative? Can any economy succeed with a >50% unemployment rate?
- _heimdall 7mo agoDon't confuse UBI and employment or even income though. If we find ourselves replacing or exceeding current productivity without humans working in the system we have to fundamentally rethink our system. You likely wouldn't need money at all in that future, for example. What does the money really mean when everyone I'd guaranteed to have all the basics covered? Is money really helping to store value created via labor when there is no labor? And is money providing price discover when the cost of resources and manufacturing are moving towards zero? If labor is replaced with tech, and I think that's a big if, I don't see any outcome other than a totalitarian distopia that will fail much like the Soviet Union.
- fooker 7mo agoBrave new world ;)
- fph 7mo agoWe don't really know yet, that's just speculation.
- _heimdall 7mo agoThe replacement of human labor with tech is speculation. I don't see any way a future where we have a UBI because humans no longer work for a living ends well. Sure I'm talking the future so its speculative, but I'd love to hear a scenario where it works well sustainably and doesn't turn into a totalitarian distopia.
- fooker 7mo ago> An economy ... fails We know this to be true with a reasonably degree of certainty > likely a society This one, not so much. We could potentially have pretty vibrant societies even if everyone is not ultra rich, not going on international vacations, not having access to buy things from the other end of the world subsidized by economies of scale.