Truthout
The idea of a universal basic income has been around for decades, but it is now growing in popularity as artificial intelligence threatens to make our economic future under neoliberal capitalism even more precarious. Yet, no one would argue that a universal basic income is a panacea to capitalism’s evils.
Moreover, there are different proposals for implementing a universal basic income, as renowned feminist and socialist economist Nancy Folbre — the author of several books including Making Care Work: Why Our Economy Should Put People First — points out in the interview that follows.
Folbre, who is professor emerita of economics and director of the Program on Gender and Care Work at the Political Economy Research Institute (PERI) at the University of Massachusetts Amherst, acknowledges that, given the balance of power between capital and labor in today’s world, the obstacles to implementing a fully progressive version of such a plan are enormous.
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