RighfulShare: An Income Movement is the first unconditional basic income transfer with GoodDollar in South Africa. The project is growing in strength, pioneering fairer income access bringing both resources and web3 solutions to the small town of Groblershoop in the Northern Cape.
“We need a new approach to addressing poverty in South Africa. The current system is not working and we can no longer pretend that there will be enough jobs for everyone. By bringing visibility to the benefits of a digital basic income transfer, we’re expanding the possibilities for South Africans”, says Karen Jooste, Founder of RightfulShare.
The participants are using their monthly basic income to alleviate day-to-day financial stress and open up space for creativity and entrepreneurship.
For example, Darryl Wessles who has been building his pig farm to address a gap in the market for smaller meat parcels for the community. Meanwhile Joyberne Neels has picked up an interest in cryptocurrencies and the potential global digital financial ecosystems can provide.
All the participants are bringing their own life experiences and outlooks, providing diverse stories and outcomes to this UBI project. However, each has spoken to how relieving the constant burden of unemployment has been life changing. See more testimony by participants here.
The project was recently recognized by the Swiss/South African Blockchain Innovation Challenge as one of the most innovative projects in the blockchain space.
Currently, RightfulShare is teaming up with GlobalGiving for Giving Tuesday, an effort to connect nonprofits to donors to create targeted meaningful impact. All donations go towards supporting more young entrepreneurs in South Africa kickstart their dream venture, escape poverty and overall reduce income inequality. It is super easy to donate, simply click on the link below. All donations will be matched on the 28th November 2023
“This panel invites contributors to elaborate discussions concerning the Basic Income theory and its connection with problematics in the fields of Ethics, Politics, Sociology, and Economics. There are central issues for this panel, which aim for multidisciplinary debates that should stimulate UBI studies in various disciplines.
Therefore, questions that play a key role in this discussion are the following:
How can a UBI project tell us more about the potential environmental impacts, and the rise of inequality, unemployment, and poverty around the world?
Which social policies should be proposed in coordination with the UBI aiming for higher welfare levels and environmental stability?
What are the ex-post consequences of a UBI policy, either in the short, medium or long-term perspectives? How would it affect educational, health, and political spectra, and how does it influence individual freedom?
How does one build political and economic conditions for a UBI policy to be approved and how do long-lasting projects impact governmental spending regarding public services?
Would a Basic Income project be beneficial to Portugal when faced with the Portuguese socio-economic structure and challenges?”
For details on the panel and its call for papers, click here.
One of BIEN’s founders, Philippe Van Parijs, has published a review of new book by a distinguished Indian economist, Pranab Bardhan. Bardhan argues that insecurity and not inequality is the source of our worldwide democratic malaise. And in poor countries even more than in rich ones a basic income is required in order to reduce not poverty but insecurity.
Van Parijs concludes: “Whether in India, Europe or America, Bardhan does not claim that basic income constitutes a magic potion to guarantee security, let alone a magic bullet to kill populism. But it is part of the battery of security-enhancing policies that are needed if the root causes of the worldwide disenchantment with democracy are to be addressed.”
In a blog post entitled “Re-engineering our fragile economy and democracy”, Geoff Crocker argues that UBI “addresses ethical issues of income inequality, gender inequality, precarity, and security” and should be at least in part financed by “central bank monetary funding of government expenditure, or ‘debt-free sovereign money’, by which the central bank would directly credit the government account with money it had created.”
Basic income has become the subject of a lively and controversial debate in politics, civil society and academia. By questioning the fundamental assumptions of our social interaction, it challenges us to redefine the way we want to live together. At Basic Income and Development, this year’s FRIBIS’ annual conference, we will be taking a closer look at the relationship between basic income and development ideas and the potential they hold for the challenges of both the present and the future.
For decades globalization and neoliberal economic policies have driven social and ecological crises worldwide. The ongoing climate change has not only lead to environmental disasters, but is also causing social crises. The increasing social and economic inequality is resulting in social polarization and increasing support for populist parties. And, as more and more public goods and services have been privatized in favour of economic growth, the risks in the wake of the various global crises have become collective problems. At the same time standards for the management of natural resources and the natural living environment are lacking, as are norms and values for labour markets, health policy and crisis prevention. We also lack sustainable means and mechanisms to establish social, ecological and economic justice.
Given these challenges, we want to explore the extent to which basic income can help to overcome crises and create new perspectives. Could a basic income help us to use environmental resources more sustainably, preserve biodiverse habitats and make social communities more resilient? Would it help people in (post-)conflict regions to build or secure social peace? Or would it rather have the opposite effect, as some critics suggest? What are the potentials and risks of a basic income for development practices in the Global South, and how does this/do they relate to concepts of redistribution and justice? These and other questions will be addressed at this year’s FRIBIS annual conference.
