“Basic income – in both the north and the south – all depends on how we frame it. Will it be cast as a form of charity by the rich? Or will it be cast as a right for all?”. This quote encapsulates both the promise and potential consequences of a basic income. Much has been made of the radical potential that a universal basic income inculcates in our sclerotic neoliberal societies, supposedly able to end the necessity of work and make wages a tool of social policy rather than simply an economic consequence of the labour market. It is easy to see the potential when labour markets are extremely sticky, with low-pay staying low and wages continuing their decoupling from productivity gains. Technological unemployment presents the dystopia of a world where further productivity that is reaped from machines is controlled by a transnational capitalist class of international investors and corporate megaliths, continuing the monopolisation of the economy and entrenching a precarious form of wage labour relation. Continue reading
The term “market anarchism” may give some people the mistaken impression that market anarchists envision a society organized primarily around the cash nexus. In part this is because one definition of the term “market” itself equates to the market as an institution: The sphere of exchange. It may also reflect the fact that many anarcho-capitalists, who until recently got most of the attention, tend to emphasize business firms operating in the cash nexus as the primary form of social organization.