| Forgive me for assuming you were American. That was my bad. My argument was indeed around the late-capitialistic environment of the US. Talk of cultural barriers to your approach are in that context. (And i believe are valid.) The European context is different. Socialism is better understood there, and indeed far more accepted in things like universal health care, unemployment support and so on. And while wealth inequality exists in Europe (they basically invented aristocracy) there's a difference in flavor there compared to the US. The release of capital to allow those without it to start a new business would be enormously valuable. I've worked with impoverished entrepreneurs and it often takes very little capital to bump them up a significant level. I'm not convinced that simply allocating capital to people at birth, long before they need it to accomplish something, would be efficient. Perhaps making capital more accessible in later life would be more effective? The need for dividends as income along the way is reduced somewhat as in a European context there are already social income streams in place (obvious locations vary and ymmv.) |
I do believe this plus an UBI should be the way forward for humanity. But it seems the way we are heading is back to feudalism.