Class…it’s something quite subjective. But do we now judge social class through someone’s lifestyle choices and job roles, rather than their relationship to the means of production? Daniel Margrain unlocks the subtle, but important, change.
Universal Basic Income (UBI) is one of those ideas that has divided public opinion into two opposing camps: Those who think it would result in disaster, as humans cannot be trusted. The other camp feels that a UBI would be liberating, allowing people to concentrate on the important things in life, not just earning a living. Rutger Bregman is a writer, widely acclaimed for his book, Utopia for Realists. In it, he champions Universal Basic Income and a 15 hour work week. So, we went to the Netherlands to ask him if the time for these ideas has arrived.
In Finland, income security is guaranteed to everyone. The Finnish government launched a basic income experiment in 2017 in a bid to simplify its social security system and provide stronger incentives for finding work. Up to 2000 people between 25-58 were chosen at random to participate in the trial. Watch this short video to find out how it works.
Is “Trickle-Down” prosperity the greatest lie ever told?
Steve Keen lets us into a little-known secret: that many widely believed economic models have been shown by economists to be wrong.