Conor Lynch, “Stephen Hawking sobre el futuro del capitalismo, la desigualdad…y la Renta Básica” [“Stephen Hawking on the future of capitalism, inequality…and the basic income”]

Robots for good. Credit to: 3D Printing Industry

Robots for good. Credit to: 3D Printing Industry

Machines are getting better and better at performing work that was or still is performed by humans. This article starts with Stephen Hawking’s thoughts on the issue, which are that without proper wealth distribution, society will become a distopia in which an elite will have everything and all the rest almost nothing. Conor Lynch argues that, although current social developments show higher and higher inequality, nothing is for certain, which means that current capitalism could give way to a new social paradigm where basic income plays a central role.

 

Conor Lynch, “Stephen Hawking sobre el futuro del capitalismo, la desigualdad…y la Renta Básica” [“Stephen Hawking on the future of capitalism, inequality…and the basic income”], Sin Permiso magazine, October 26th 2015

Leeds, United Kingdom: Readers’ meeting on Paul Mason’s ‘Postcapitalism’, 16 Nov 2015

Leeds, United Kingdom: Readers’ meeting on Paul Mason’s ‘Postcapitalism’, 16 Nov 2015

Leeds Taking Soundings Readers’ Meetings

The date: Monday, November 16th (2015)

The time:6PM

The venue: Broadcasting Place AG10 (opposite the Fenton pub).

The contact: https://www.takingsoundings.org.uk/contact-us/

 

The organiser’s homepage said, ‘Paul Mason’s new book, Postcapitalism, has attracted a lot of attention, and deservedly so…..The Leeds Taking Soundings group wants to provide an opportunity to discuss what the book is about and how relevant it is.’

The book recommends the implemantation of an unconditional basic income as one of necessary measure during the transition to what the author called ‘PostCapitatalism’ from capitalism.

Matt Bruenig, “Tired of capitalism? There could be a better way”

freedigitalphotos.net

freedigitalphotos.net

In order to address the negative aspects of capitalism, governments have created institutions such as the welfare state. Even with these programs, Matt Bruenig, a researcher of poverty at the Demos think tank, said in a Washington Post article that a Universal Basic Income (UBI) may be the best approach to “secure freedom and prosperity for all.”

According to Bruenig, most wealth being controlled by a small segment of the population has made the majority in the United States forced to submit to their employers’ demands. While labor protection helps alleviate some concerns, Bruenig still believes that the only way to fully eliminate this type of coercion is through a UBI, giving employees the ability to say no.

Those who are most vulnerable are often the ones that fall into poverty. Supplementing the current welfare state with a UBI would help ensure that no one gets left behind, Bruenig said.

Matt Bruenig, “Tired of capitalism? There could be a better way.” Washington Post, Sept. 30, 2015.