"The Relevance of Basic Income for Post-industrial Economies"
by Block, Fred (2013)
In my view, the US is currently experiencing a transition from an industrial to a postindustrial economy. 1 This transition makes obsolete much of the Conventional Wisdom about how the economy works, since that wisdom was rooted in nineteenth-century industrial capitalism. Yet in the 1980s and 1990s in the US, free market economic ideas have more prestige and legitimacy than at any time since the 1920s. This is not an entirely unfamiliar pattern; people often seek to deny the reality of a major historical transition by ritually reinvoking long …
KeywordsPost-Industrial, Basic Income, Economics, Politics, Workfare, Subsistence Income
ThemesUniversal Basic Income
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