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this post was submitted on 05 Sep 2025
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Yes, but if you do it in the form of currency without changing the system in which the currency is used, it's just feeding that system. Are capitalists suddenly going to be less greedy, and more likely to care about their compatriots instead of eager to exploit them because we give them more power and more money?
No. They won't. They'll just find better ways to exploit this sudden surge of basically free money.
Sure, other stuff needs to change as well, but using currency for an UBI is the easiest and fastest way to implement it.
I mean... yeah... that's what UBI is.
I was criticizing UBI as a concept, not how it's implemented.
I find it funny who ubi proponents say we need UBI because capitalism failed to have wages match cost of living and simultaneously say UBI will fix it with capitalism.
Housing is expensive because there isn't enough. If capitalism could fix it, then housing would have at a minimum matched inflation and should have decreased in price because of technology improvements. So giving people more money absolutely cannot fix the housing crisis. UBI would be a handout for landlords.
When demand is the problem in a supply/demand economy, you can't fix it with more demand (cash).
Capitalism means that they stop building before the price dips below wildly profitable, because capital is risk adverse. Capitalism won't, not can't, fix these problems.
Given that capitalism is a system, not an individual with intention, "won't" is the wrong word.
Along with UBI, there also needs to be UBH, and other basic needs.