Universal basic income: Venture capital for the people

The idea of a paying everyone a universal basic income is gaining ground. Could it work? Stuart Watkins reports.

Persistent and harmful features of capitalist societies that have proved immune to previous policy changes would seem to demand a new and radical approach. Large and growing inequalities of wealth and income, stagnant economies that increasingly provide only low-paid and precarious work, robots taking all the jobs, bloated and unaffordable welfare states creating perverse work incentives and poverty traps, zombie businesses kept alive and distorting markets by governments fearful of the social consequences of letting them die –


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