On June 1, the Big Basic Income Conversation will be holding a hangout with the Young Fabians. This two hour event will begin at 17.30 Greenwich Mean Time; note, if you are in the UK, that is an hour earlier than your watch (it’s complicated). While Fabianism is an idea that is best forgotten, Universal […]
That’s right, it will last four days from Wednesday to Saturday, and you guessed right again, it will be held on-line, so even people in Police State Australia can attend. If you aren’t familiar with the concept of universal basic income, you can find some background to it here, other articles on this site, and […]
The concept of basic income has been around for hundreds of years, although it was the great Major Douglas who really spelt it out. The Protestant work ethic may be necessary in a world where resources are scarce, but as machines perform more and more work, we should stop creating jobs for the sake of […]
Now, let us take this analogy one step further. The poker tournament is the economy, and the players contribute to it simply by playing, regardless of whether they win or lose. The people playing with real cash are business owners and the like, but ordinary workers don’t have that sort of money, so in order […]
What is wrong with capitalism? The short answer is nothing, or at most, very little. Virtually all the problems laid at the door of capitalism are actually due to finance. These problems include debt, depressions, and something called unemployment. To help you understand the nature of these problems and their solution, here is a perfect […]
On Thursday night, a Zoom meeting was held by Catholic Voices, which was set up in the UK in 2010; it is a registered charity. It came about after the Pope endorsed the concept of Universal Basic Income; also known by its initials UBI, as simply basic income, and, for Major Douglas fans, as Social […]
In July, the Stop The War Coalition held a Zoom meeting in which its invited speakers blamed war on “Imperialism”. Topically but not surprisingly the British role in the trans-Atlantic slave trade had more than a little to do with it, and listeners were treated to a clown from the African Diaspora explaining how if it hadn’t been for the slave trade, Africa would be leading the world in technology, art, and everything else.
Job-creation is and always has been a massive priority of governments worldwide. In 2012, the World Bank claimed 600 million new jobs needed to be created over the next fifteen years. In this connection, here is a classic quote from 1933: “A war would be a great idea…Another war would give our three million unemployed ample employment.”
As of Thursday, some twenty-six and a half million people were said to be unemployed in the United States. Can this be true? How about no one is unemployed? No one.
The solution for the funding of UBI is very simple, it should be paid out of newly created debt-free money. And when people hear this they cry instinctively “That would cause inflation”. No! Inflation is caused by too much money chasing too few goods. The people at the bottom of society: the underclass, the homeless, the unemployable, do not have too much money, some of them have no money at all.
