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RE: Dr Jordan Peterson and Joe Rogan Speak about Univeral Basic Income.

in #economics7 years ago

Yes, I fully 100% agree. Free speech is incredibly important in a free society. The ability to use it in a civil manner is the icing on the cake and is when it is at its most effective.

Also, I want to clarify that when I wrote decentralized economy, I was referring to an actual factual physical decentralized economy that actually manufactures things that you can hold in your hand and consume. Not the virtual ones that you mentioned. The virtual ones are great and will help support the physical one by allowing information transfer and a medium of exchange (i.e. currency). However, what I'm talking about is small machine shops with CNC mills and lathes, injection molding equipment, 3D Printers, and even bench top chemical plants in everyones basements, garages, or other spaces. Trading amongst others in the local community to form a autonomous or at least semi-autonomous local economy. In this way people WILL have some real ownership in the means of production and will therefore retain some power for themselves.

I am talking about capitalism, but I'm not talking about what we live with today. 37.6% of GDP is already spent directly by the government (https://data.oecd.org/gga/general-government-spending.htm). I recently saw a chart showing the household expenditures for health-care at 27%. Add that up with other government mandates such as auto insurance and your looking at easily 2/3 of our collective output being controlled by the government. That seems like socialism to me. You want socialism? open your eyes and breath in a big deep lungful of it because we are there. Now you can see what happens when we lose control of our own money.

BTW, I'm totally against BUI. If implemented properly and by that I mean as a more efficient welfare system with controls to prevent generational abuse of the system, I could support it.

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