Hacker News new | ask | show | jobs
by richmarr 3255 days ago
Why will UBI and automation lead to properly managed capitalism? And what do you mean by "properly managed capitalism"?
1 comments

Good questions. The brief of it is that it's known if you increase money available for education, educational institutes will increase their fees- the same goes for landlords and rent - and pretty much everything which leads to inflation; the more of a necessity something is will generally dictate who benefits the most from these cost increases and pressure on systems. There will have to be a floor created for housing, food, transportation, etc. Most of what we need can be automated, heavily automated. We'll have to decide as a society what people should have a baseline for everything. Fitting that new system in the existing system is the tricky part.