The idea of a Universal Basic Income (UBI) has been championed by both progressives and conservatives. Not everyone on the left, however, is behind the idea. Is the UBI a means of redistributing wealth, attacking poverty and protecting workers from technological displacement? Or will basic income serve to advance an agenda of austerity and privatization?
Phil Murphy, the leading Democratic candidate for governor of New Jersey, has made a state-owned bank a centerpiece of his campaign. He says the New Jersey bank would “take money out of Wall Street and put it to work for New Jersey – creating jobs and growing the economy [by] using state deposits to finance local investments … and … support billions of dollars of critical investments in infrastructure, small businesses, and student loans – saving our residents money and returning all profits to the taxpayers.”
Nobody yet can tell whether Donald Trump is an agent of change with a specific policy in mind, or merely a catalyst heralding an as yet undetermined turning point. His first month in the White House saw him melting into the Republican mélange of corporate lobbyists. Having promised to create jobs, his “America First” policy looks more like “Wall Street First.”
In this interview with Professor of Economics Emeritus (University of Massachusetts), Marxist economist and founder of Democracy at Work, Richard D. Wolff, we talk to him about Capitalism and Socialism.
Poverty blights the lives of billions of people throughout the world: in developing countries, where it is acute, and industrialised nations, where it’s hidden but growing. It rises out of social injustice, makes exploitation and abuse inevitable, brings death and disease, robs people of opportunity and dignity, feeds anger and resentment.
On this week’s episode of On Contact, Chris Hedges is joined by Linh Dinh, author of “Postcards from the End of America”. Dinh traveled across the US to lift up the voices of those who have been disappeared by our corporate state. RT Correspondent Anya Parampil reveals the stark statistics of those living in poverty in America.
This being the age of public relations, the genteel term “public-private partnership” is used instead of corporate plunder. A “partnership” such deals may be, but it isn’t the public who gets the benefits.
After 10 years and three terms, Ecuador’s President Rafael Correa’s time in office has ended. Under his administration Ecuador made far-reaching economic and social gains, despite having inherited a country on the brink of collapse.