It has been said that it’s easier to imagine the end of the world than to imagine the end of capitalism. That might have been true a decade ago, but today, the end of capitalism is becoming more and more plausible — at times it feels inevitable. In fact, at least half of Americans think that capitalism is a fundamentally unfair system, and over a third have a positive view of socialism. These numbers are rather strange for a society where just uttering the word “socialist” in public a generation ago could cost you your job or get you onto some government list. And when you look at younger generations, it gets even more interesting. A Harvard University survey showed that the majority of millennials do not support capitalism. And in the United Kingdom, similar surveys have found that people are more likely to have an unfavorable view of capitalism than of socialism.
More and more people are falling out of love with capitalism. And is it really all that surprising? Capitalism has failed to achieve most of its promises and many are now beginning to dream about what a different, better world might look like. Well, in this second episode of our 2-part series on Universal Basic Income (UBI), we’ll explore what role UBI might have in transitioning to that different world.
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Original video: https://soundcloud.com/upstreampodcast/universal-basic-income-pt2
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