I was once talking with one of my classmates and he said that in the future, there will be universal basic income implemented by entire world. I was not convinced at that time and thought he is just being stupid but given the layoffs happening and massive amount of unemployment, I am thinking about this possibility. What do you say?
No way the entire world gets on board, and in a reasonable way. Human psychology stands in the way of that.
Whether it gets experimented and implemented more in some countries - possible - but I don’t see as particularly likely or unlikely.
It’s one solution to resolving the tensions of capitalism and social capitalism and the degradation of social capitalism. Whether it will be UBI or something else, and where - we will see.