Beyond Basic Universal Income

12.19.2019 - By Economic Update with Richard D. Wolff

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REPEAT [S9 E13]
In-depth analysis of UBI shows its advantages over most welfare, safety net systems. An even better alternative would avoid capitalism's unnecessary production of unemployment because it utilizes technical progress (rising productivity) for profits. The alternative benefits workers' leisure rather than profits. It is more democratic and avoids splitting people into unemployed vs employed, non-poor vs poor. population.

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