Battling Eight Giants: Basic Income Now

October 31, 2020
Battling Eight Giants: Basic Income Now

Today in one the richest countries in the world, 60% ofhouseholds in poverty have people in jobs, inequality is thehighest it has been for 100 years, climate change threatens ourextinction and automation means millions are forced into a life ofprecarity.The solution? Basic Income. Here, Guy Standing, the leadingexpert on the concept, explains how to solve the new eight evils ofmodern life, and all for almost zero net cost. There is a betterfuture, one that makes certain all citizens can share in the wealthof the modern economy.Far from being a new idea, Standing shows how the roots of basicincome go back to the Charter of the Forest, one of twofoundational documents of the state – the other, sealed on the sameday, being the Magna Carta.All citizens have a right to the wealth created by capitalism,and all – left or right, rich or poor – can benefit from a dynamicand ecologically grounded economy created by the guarantee ofsubsistence to all.