Comment on Open Thread March 7 - March 13, 2016

Mon, 07 Mar 2016 20:32:55 GMT

Give me everything I want...

In capitalist economies scarce resources are effectively auctioned off to the highest bidder. If you're noticeably poorer than people around you, you will likely be unable to get to these resources. A simple example: buying a house.

But that doesn't imply that e.g. a capitalist economy with basic income couldn't provide even more.

At one level, no, it doesn't. But at the same level it also doesn't imply that a capitalist economy with X (where X can be anything) couldn't provide even more as well.

At another level yes, it does, because there are reasons why a capitalist economy works and a command economy doesn't. These reasons are relevant to evaluating whether a basic income is a good idea.

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