The Case for Unconditional Basic Income (UBI)

Martin Luther King Jr. proposed guaranteed jobs for all and a universal basic income before he died at the age of 39 in 1968. The Swiss people are seriously considering such a project, and India has implemented their pilot version, finding the results very positive. If the Federal Reserve can create trillions of dollars out of thin air by typing numbers on their computer screens, and direct those trillions toward the world’s largest privately owned financial corporations, then who’s to say guaranteed jobs and basic incomes – with clearly positive, “win-win” consequences – is an unattainable reality?
Watch the film, consider the world’s economic condition now and in the future, visit the Prosocial Progress Foundation’s website at prosocialprogress.org. for more information, then take whatever actions you can to help this aspect of Martin Luther King’s dream become reality.

The Most Revolutionary Act

Transitions for Society: Job Guarantee and Basic Income

Prosocial Progress foundation (2014)

Film Review

This 20 minute documentary attempts to address the structural unemployment that seems to have become a permanent feature of monopoly capitalism. According to the St Louis Federal Reserve, as of February 2015, only 62.8% of working age Americans have jobs – translating into a 36.2% unemployment rate. A substantial proportion of the jobless are young adults between 16 and 24. Who face more or less permanent exclusion from the economy.

The premise of the film is somewhat unusual. The filmmakers lay out the proposition that the political elite could save capitalism by enacting an unconditional basic income (UBI) for all citizens. However based on past history, they probably won’t. Instead of making the necessary reforms, they will allow human misery and social unrest to increase until the system is overthrown by popular revolt. They see…

View original post 291 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s