Going against the political tide
Book review: Utopia For Realists, And How We Can Get There This provocative book proposes abolishing border controls and introducing a universal basic income.
Most Western governments see reducing immigration and cutting public spending as priorities. So Dutch historian Rutger Bregman is going against the political tide with his two main proposals: a universal basic income that would be given to people whether they were in work or not, and an abolition of border controls.
Bregman argues that a basic income would cut bureaucracy, reduce poverty and give poor people greater autonomy. Contrary to what you might expect, experiments conducted in the US in the 1960s have suggested that a basic income would have little impact on people's work habits. What it would do is give workers, especially those who are unskilled or semi-skilled, more power in the labour market, at a time when automation and computing power threatens to reduce the number of jobs and erode wages.
On immigration, he points out that the difference in living standards between countries is far greater than the inequality within countries and even the current paltry levels of development aid are unpopular and often wasted. So it makes more sense to bring people to the West, rather than to try and raise productivity and incomes in developing countries. Again, he puts forward studies showing that many of the problems associated with immigration have been greatly exaggerated.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Bregman argues his case well, writing in an accessible, light-hearted style. However, he pushes his arguments too hard and ignores conflicting evidence. The result is a provocative book, but it's hardly the last word on the subject.
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.

-
ISS backs Edinburgh Worldwide’s board as Saba questions SpaceX selloffShareholder advisor ISS has recommended that shareholders vote against Saba’s proposals to replace the board of the Baillie Gifford-managed investment trust
-
13 tax changes in 2026 – which taxes are going up?As 2026 gets underway, we look at what lies ahead in terms of changes to tax rates and allowances this year and how it will affect you.