I was once talking with one of my classmates and he said that in the future, there will be universal basic income implemented by entire world. I was not convinced at that time and thought he is just being stupid but given the layoffs happening and massive amount of unemployment, I am thinking about this possibility. What do you say?
I think that it will start as an universal basic income but that it will evolve into universal basic products and services. Basic stuff you don’t have to pay for, like for example food and public transport and in time expand to shelter, all levels of education, etc. To the point of covering all the basic needs.
I think UBI is generally seen as something to do instead of that, a way to put off actually providing for people so that they can continue to funnel capital from the regularly well-off to the obscenely well-off while blaming it on the poor and the increasingly shrinking “middle-class”.