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The problem is that capitalism, as any other paperclip maximizer, will not stop working just because of one country decision. Minimal income will increase cost
by anonymfus 13y ago
The problem is that capitalism, as any other paperclip maximizer, will not stop working just because of one country decision. Minimal income will increase cost of labour because nobody would want to do shitty job.
This will make local products more costly and less competitive, and most of the labour will be outsourced. Most of the export will be natural resources.
Switzerland owns huge chunk of world's banking system and due to direct democracy has minimal corruption, so it could afford minimal income by exploitation of other countries. How to make it work for Ethiopia without Earth's unite government and worldwide wealth redistribution system?
- beat 13y agoA few problems with this. First, most of the modern crap jobs are service-oriented jobs that are done locally because they can't be outsourced. You're talking about "products", which often can be outsourced, and thus have already been outsourced. Not every job is manufacturing. You can't outsource your janitor or dishwasher. Second, Ethiopia doesn't have a functioning modern economy. So no, they can't do Guaranteed Income. If they want it, they need to modernize to the point where they can provide a stable economy first. Exploited? No one bothers to exploit them. Given the political and economic instability, it's not worth exploiting. Much better to exploit countries like Indonesia that can provide basic stability. But you're also stuck on the whole exploitation thing. That's a very 20th century attitude. Exploitation for natural resources is no longer the driver of economics. The primary resource now is labor, particularly skilled labor, and that becomes increasingly expensive as it becomes successful - in other words, being "exploited" is the best and fastest way for countries to become wealthier and more independent.