
Season 9 · Episode 13
Economic Update: Beyond Universal Basic Income
Economic Update with Richard D. Wolff
March 28, 201928m 59s
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Show Notes
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.