• Show Icons

Universal Basic Income: Neo-Liberalism’s Achilles Heel?

 

basic-income

Contributed by Clive Menzies founder of the group ‘Critical Thinking’ . 

The article:

MORAL ASPECTS OF BASIC INCOME by Tom Streithorst,

makes the case for a citizens income to reignite economic growth, citing lack of demand in the economy as the “only Achilles heel” of the capitalist system. It hails the explosion in productivity although it acknowledges that rising consumption, over centuries, hasn’t made us any happier; but the article fails to expand on the fundamental flaw of perpetual growth (it is unsustainable), even though it acknowledges the superfluity of consumption. It argues for citizens income for the benefit of capitalism and to ensure economic recovery.

In the sweat of thy face shall thou eat bread.
Genesis 3:19

Hat tip to Obi for this

In isolation, implementing citizens income would at least liberate people to think and co-operate more freely for real change but until control of land, resources and money are recovered for the benefit of everyone, we remain enslaved to the debt treadmill.

 

AUDIO VISUAL LINKS

Occupy London Radio have a lovely discussion with David Graeber, an American anthropologist, author, anarchist and activist who is currently Professor of Anthropology at the London School of Economics and Barbara Jacobson, an independent financial advisor at the Fitzrovia Neighbourhood Association about the European Initiative for basic income

LINKS:
What is a Unconditional Basic Income? What effect would it have on society? How can we achieve it? Please follow the link and SIGN: http://basicincome.org.uk/sign/

Neo-Liberalism’s Achilles Heel?

The ideal welfare system is a basic income

 
© 2012 Occupy London
Powered By DynamiX