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Lumifer comments on Open Thread March 7 - March 13, 2016 - Less Wrong Discussion
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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.
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.
Could you expand on this?
Consider incentives. Under capitalism one incentive is the possibility of becoming rich, but another, more basic one, is the desire not to starve. Under a command economy you won't usually starve (because you're a useful labour unit), at least in a situation where you can do something about it. You still might starve because of incompetence or a political decision.
A large number of people do not enjoy their jobs and, given the opportunity, would... take early retirement, let's put it this way. That's a problem. Command economies solve it by command (recall that being unemployed was a criminal offense in the Soviet Union). Capitalist economies solve it by saying "OK, I'll wait till you get hungry".
A livable basic income would make that incentive disappear. Yes, some people would be happy. The consequences for society, though, are debatable :-/