Give People Money: How a Universal Basic Income Would End Poverty, Revolutionize Work, and Remake the World - Annie Lowrey
Language: EnglishKeywords:
Economics Ubi Politics Socialdemocracy Inequality
Shared by:daenigma100
A brilliantly reported, global look at universal basic income - a stipend given to every citizen - and why it might be necessary in an age of rising inequality, persistent poverty, and dazzling technology.
Imagine if every month the government deposited $1,000 into your bank account, with nothing expected in return. It sounds crazy. But it has become one of the most influential and hotly debated policy ideas of our time. Futurists, radicals, libertarians, socialists, union representatives, feminists, conservatives, Bernie supporters, development economists, childcare workers, welfare recipients, and politicians from India to Finland to Canada to Mexico - all are talking about UBI.
In this sparkling and provocative book, economics writer Annie Lowrey examines the UBI movement from many angles. She travels to Kenya to see how a UBI is lifting the poorest people on earth out of destitution, India to see how inefficient government programs are failing the poor, South Korea to interrogate UBI’s intellectual pedigree, and Silicon Valley to meet the tech titans financing UBI pilots in expectation of a world with advanced artificial intelligence and little need for human labor.
Lowrey explores the potential of such a sweeping policy and the challenges the movement faces, among them contradictory aims, uncomfortable costs, and, most powerfully, the entrenched belief that no one should get something for nothing. In the end, she shows how this arcane policy has the potential to solve some of our most intractable economic problems while offering a new vision of citizenship and a firmer foundation for our society in this age of turbulence and marvel
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| Creation Date: | Thu, 12 Jul 2018 15:51:16 -0400 |
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This post has 36 comments with rating of 4.1/5
July 12th, 2018
It’s already been done. It’s called welfare.
July 12th, 2018
Thank you for sharing the book.
July 12th, 2018
What a ridiculous premise. If a little is good, then more is better. Let’s give everyone a Million Dollars? Then we’d all be millionaires.
July 12th, 2018
Yea, it’s so ridiculous that it’s gotten the support from Elon Musk, Richard Branson and Mark Zuckerberg.
July 12th, 2018
This is what Milton Friedman called a reverse tax.
https://en.wikipedia.org/wiki/Milton_Friedman
If you want a smaller government then you want Universal Basic Income. It replaces welfare and some disability payments. The administration of that kind of thing largely goes away. That is smaller government plus it actually generates more economic activity, as in it grows the economy.
UBI is good for people, right, left or center.
July 12th, 2018
Thank you for sharing this one daenigma100.
Absintheguy: Alternatively, give everyone a government paid job, they don’t have to do anything constructive or usefull. We’re almost there already.
July 12th, 2018
Wow, Branson, Musk AND Zuckerberg… The trifecta of rich liberal hypocrites. You mean Algore the bloviator isn’t on your list of rich people who love to spend other peoples’ money?
July 12th, 2018
whose money?
what happens when it runs out?
July 13th, 2018
“The problem with socialism is that you eventually run out of other people’s money.”
― Margaret Thatcher
July 13th, 2018
An interesting twist is some Conservatives and Libertarians support this if the money given is kept unchanged and if most of the administrative costs are redirected to the poor. Sort of like turning an managed mutual fund into an index mutual fund.
July 13th, 2018
How stupid can you be and still breathe…
July 13th, 2018
Certainly makes more sense than giving 98% of the money to people who do nothing but shuffle money around, while the rest of the population does the work and has to live on the remaining 2%.
July 13th, 2018
a healthy economy is one where money is circulating around rather than being tied up in off-shore tax havens
July 13th, 2018
Then what would people do with themselves?
Just complete and utter self indulgence without having to try or work for a living?
You know what that creates?
Immorality and crime and violence and peopel with nothing better to do then be miserable and start fights with people around them.
We already have that, its called the privileged liberal instigator slumlording over a welfare state of crime and poverty.
And note that thats always where you always find the biggest economic and cultural disparity between themselves and the slums that they created themselves.
I’ll put it this way, let the liberals hand out all the free stuff they want, and pay for it themselves. Right now they’re not paying for any of it and sending the bill for it to everybody else in the country while they stuff 89% off the top in their own pockets.
Liberal “intellectuals” are the biggest welfare queens of them all.
July 13th, 2018
A great ideology on how to ruin the economy. Great job. By the way, can you give people $1000 a month without stealing other people’s money? Yeah, didn’t think so.
July 13th, 2018
So how’s that Socialism doing in Venezuela, huh?
https://youtu.be/CCIdm3cM6zQ
https://youtu.be/RSbRo99MiEM
https://youtu.be/NcBNYI-dMeo
July 13th, 2018
Money is just a ration ticket.
Productivity is what creates wealth.
Everyone can be a millionaire (current dollar purchasing power) if there are enough products (goods and services) for them to buy.
UBI is a way to jump-start productivity.
July 13th, 2018
hahahahahahahahahahahahahahahaha
July 13th, 2018
@suggestologist - (Great name, btw) But don’t you need competition to stimulate innovation and productivity? Industry and effort could be undermined by UBI. Work can be a slog, but it also gives many people a purpose and forges their identity. Individual responsibility is vital for personal stability, mental health and contributing in a positive way to society. People don’t really value a thing if it is merely handed to them.
However, I think UBI is probably on the horizon, with the “Rise of the Machines” and a potentially idle future ahead of us.
For the desperately poor around the world, it could elevate them and open up educational opportunities and health care provision, as well as basic food needs. There is nothing ennobling about dire poverty.
July 13th, 2018
@caesar963
Industry 4.0 is building robots that build robots (copies of themselves) that produce goods for humans. And that’s the way it should be. And over the next 50 years that will accelerate to the point where human physical labor will be unnecessary.
You don’t need extrinsic motivation (money) to stimulate innovation; You need easy access to knowledge and technology, which is often hindered by the motivation to get money.
How many people actually get their “purpose” and “identity” from their work? Maybe if you’re a doctor or lawyer. But even then, many Doctors and Lawyers don’t like their jobs and feel stuck.
Identity should not be tied to labor. And many people get their purpose from what they do outside of work.
July 13th, 2018
Good points - you could say people find a purpose in contributing in a constructive manner. That often takes place through the medium of work - where you’re helping others and building community. That sense of connection and united effort is very important, psychologically and morally.
Competition does sharpen innovation.
Wouldn’t the whole enterprise free up too much time? More time for destructive self-analysis, and realising the true awfulness of the self, and by extension, all the other selves!
We become creatures of pure appetite and indolence.
Hobbyists in excelsis.
A serious amount of forethought and reflection should precede the production of any advanced AI - do we want artificial entities to do our thinking for us? We could launch into this scenario, just because we can, without considering what their role will be, or our own, in this brave new world.
Innovators might not be prepared to fully acknowledge the ethical and moral implications of the technology. As Churchill said, scientists should be on tap, not on top.
July 14th, 2018
Those dismissing as a crazy socialist or liberal idea should read a little history. Richard Nixon, that well known socialist, was just days away from announcing a UBI worth around $10k in today’s money.
The story of how he was talked out of it, via some fake facts, is as interesting as the background to UBI itself.
July 14th, 2018
All the commenters dismissing the ideas this book puts forward, you are on a torrent site. If sharing with people is so horrific for you then why are you here?
July 14th, 2018
Thanks for the book :):):)
July 16th, 2018
@Simonshaw People are on a TORRENT SITE to download files, not share ideas (and leftist propaganda). Do you think people on torrent sites share tv shows, games, and porn to be intellectual? Oh, how intellectual! Yeah, no.
People are on THIS PAGE to write their opinion about the book, not share ideas. If you can’t stomach the reviews that diverge from your hive-mind thinking of only posting positive reviews, maybe you’re in the wrong place.
July 16th, 2018
Those who are saying Socialist economy is successful: Show me a Socialist country that has been sucessfu
July 16th, 2018
Can anyone show me a Socialist country that HAS been sucessful?
Yeah, No you can’t.
Can anyone show me a sucessful UBI either? No, you can’t.
All you can show are your “good intentions” and EXCUSES (ie. butt hurt NY Times) as to why it failed. Had Finnland allowed it to continue, it would have further destroyed their economy.
http://www.orlandosentinel.com/opinion/audience/david-whitley/os-sp-finland-universal-income-0424-story.html
July 18th, 2018
interesting how both capitalism and communism both planned to eventually achieve fully automated societies. It seems rather evident that UBI will be unavoidable, jobs will be still available, but it will be more passion driven.
July 19th, 2018
“In 2017, luxury fashion company Burberry set fire to £28.6m worth of unsold gear, bringing the five-year immolation tally to more than £90m; the company routinely burns unsold goods to prevent them from entering the discount market when new lines are released.”
Capitalism works!!!!!!
July 21st, 2018
In the 1940s, and later 1960s by Milton Friedman (capitalist propagandist extrordinaire), UBI was pushed heavily by right wingers. Nixon and Cheney pushed heavily for it as well. Many philosophers have also pushed for it on moral grounds (as capitalism inherently cannot provide full employment, and as the system inherently forces everyone, against their will, into the violence of market relations). It’s only recently that nutty right winger internet denizens have been bashing it, as you see in these comments.
September 10th, 2018
Hey folks, this is promoted at least as much now by the right, including the far right (Charles Murray included) who propose substituting min income guarantee for all other gov’t programs, partly because it provides “choice.” And because it would save money because the $10K that Murray, for ex, proposes doesn’t suffice when compared to the combination of Medicaid and SNAP and AFDC for poor families. (Plus, it would be easier for the gov’t the whittle away a basic income than Medicaid, etc. This is another reason conservatives like the idea.) So right-wing critics here might think twice about it, and the left certainly should too, unless it is done *in addition* to existing social programs as a recognition that the current and future economy just doesn’t have the paid jobs it used to have, and as a recognition of the social factory we all live in (re: real subsumption, the subsuming of all of the society/economy by capitalist command, or co-optation)
September 29th, 2020
Or continue with corporate welfare.
September 29th, 2020
Poor jongee445 so angry at the serfs below him.
Some of the happiest and healthiest countries have many socialist policies, where tens of thousands of Americans die every year because they can’t afford healthcare. Is that… success to you?
September 29th, 2020
jongee445 from his mom’s basement: “Those who are saying Socialist economy is successful: Show me a Socialist country that has been successful.”
Yikes, that’s called a strawman.
But yah: https://en.wikipedia.org/wiki/List_of_socialist_states
March 26th, 2021
This was surprisingly better than I was expecting
October 3rd, 2021
If you search jongee445’s username you will find that their comments all over this site are designed to start trouble or be overtly offensive. Please email the site and ask them to review users like this who exhibit toxic behavior - they take awhile but they will remove comments that are purely inflammatory.
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