7 years ago
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Universal Basic Income will Accelerate Innovation by Reducing Our Fear of Failure
Almost two centuries ago an idea was born with such explanatory power that it created shock waves across all of human society and whose aftershocks we’re still feeling to this day. It’s so simple and yet so powerful, that after all these years, it remains capable of making people question their very faith. The idea of which I speak is that through random mutation and natural selection, every living thing around us was created through millions and even billions of years of what is effectively trial and error, not designed by some intelligent creator. It is the process of evolution through natural selection.
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This would never work in the USA. As soon as people started receiving the money, corporations would raise prices commensurate with the amount paid out. Actually, they would probably add a percentage point or two, because why not? The only net gain would be to the rich.
Ding, ding, ding, ding, ding, ding! We have a winner! Somebody was paying attention to what happened to the cost of college tuition.
I actually almost used college tuition as an example. We are on the same page.
I know this guy is a brilliant economist, and have seen some of his videos and read some of his articles. And I like this one too, but I just can't buy into the concept. Here's my concern. The basic income is a very small part of what an economy is. Let's say everybody gets a basic income. Fine.
What does this take care of? Food, housing, medical, education, transportation, utilities, infrastructure building and upkeep. How do you control all of the other variables. You control the input of whatever currency you want that get's placed into the system at an individual level to enjoy the benefits of a system that primarily exists and flourishes through failure, which means it is constantly evolving. That seems to be a clash to me.
I don't have an answer, but I find trying to tame chaos with tokens is not a winning strategy. In anything I find it a trap, an opiate.
The real problem to me is, just who controls/dictates the "need(s)".
With any/every service provided there is always a necessary loss of choice/freedom.
The bureaucracy involved, to me, would in itself be frightening.