If we assume the best in people, we can radically redesign our democracy and welfare states.
Rutger BregmanRead
I think one of the most important facts of basic income would be that it's not only a redistribution of income, but also of power. So the cleaners and bin men would have a lot more bargaining power.
Interpretation
Basic income redistributes wealth and empowers workers.
Rutger Bregman emphasizes that basic income is not merely about providing people with a financial safety net; it also serves to redistribute power dynamics within society. By ensuring that individuals, particularly those in lower-paying jobs like cleaners and waste collectors, receive a basic income, it enhances their ability to negotiate better wages and working conditions, fundamentally altering the balance of power in the labor market.
In practice
During a community meeting discussing economic reforms, one could reference this quote to highlight the importance of empowering workers.
If we assume the best in people, we can radically redesign our democracy and welfare states.
Since long workdays lead to more errors, shorter workdays could reduce accidents. Overtime is deadly. Tired surgeons have been found to be more prone to slip'ups, and soldiers who get too little shuteye are more prone to miss targets.
My hope is that the corona crisis will help bring us into a new age of cooperation and solidarity and a realization that we're in this together.
This is what a crisis does: It makes you question the status quo. That doesn't mean that after a crisis we move into some kind of utopia. But it is an opportunity for political change.
While it won't solve all the world's ills - and ideas such as a rent cap and more social housing are necessary in places where housing is scarce - a basic income would work like venture capital for the people.
Believing in the good of humanity is a revolutionary act - it means that we don't need all those managers and CEO's, kings and generals. That we can trust people to govern themselves and make their own decisions.
What brought mass innovation to a nation was not scientific advances - its own or others' - but 'economic dynamism': the desire and the space to innovate.
We want a free market, but we know that the paradox of a 'free' market is that sometimes you have to intervene. You have to make sure it's not the law of the jungle but the laws of democracy that works.
Economics is a highly sophisticated field of thought that is superb at explaining to policymakers precisely why the choices they made in the past were wrong. About the future, not so much.
One of the things that happens when you have austerity is that wages get lower, and some people think lower wages in the short run can increase corporate profits.
The world needs banking but it does not need banks.
The only way to make sure no bank is too big to fail is to make sure no bank is too big.
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