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?
UBI is a bandaid to keep capitalism propped up by neo-liberals. It’s contingent on the idea that society is dependent on people spending money, rather than getting essential services and enough free time to maintain mental stability.
It makes working voluntary but still incentivized, whereas without something like that, someone needs to force people to do the jobs that provide those essential services. People will volunteer doing fun things for their local community, but generally no further.