Arthur Cordell wrote:
One practical reason for a basic income.
Maintain effective demand in the
economy. Maintain purchasing power. Going to be hard to buy all that
output without access to purchasing power.
economy. Maintain purchasing power. Going to be hard to buy all that
output without access to purchasing power.
Thomas
Indeed, a practical reason. It is only in
the last few months, that I have read about the concept of devaluation.
The ethic of growth until the end of time has been the prevailing ethic of
capitalism and the market. The question I would ask, is that the
continuation of the status quo by giving money to buy more realistic given all
the other problems we have?
Or should we be asking if we should voluntarily
reduce work and consumption to sustainable levels of the worlds potential while
at the same time guarantying everyone a seat in the
boat.
