The policy of guaranteeing every citizen a universal basic income is gaining support around the world, as automation increasingly makes jobs obsolete. But can it be funded without raising taxes or triggering hyperinflation? In a panel I was on at the NexusEarth cryptocurrency conference in Aspen September 21-23rd, most participants said no. This is my rebuttal.
Notice how more frequently we hear scientists tell us that we’re “wholly unprepared” for this peril or for that rising fatality toll? Turning away from such warnings may reduce immediate tension or anxiety, but only weakens the public awareness and distracts us from addressing the great challenges of our time, such as calamitous climate change, pandemics, and the rise of a host of other self-inflicted disasters.
It was the school holidays and there were lots of teenagers in my local park. I sometimes spot them meandering home, but I rarely see them en masse as it were. Blind to the bluebells, peacocks and glories of nature all around us, they were glued to their palm-sized screens. What were they so engrossed in – some kind of game or trivial video, a map of the park perhaps, unnecessary given the proliferation of signs? Are they texting, e-mailing, or trawling through the Internet, or all of the above? If one did not know what these shiny seductive objects were, one might think that they controlled the person, rather than the other way round. And to a large degree they do.
Several central banks, including the Bank of England, the People’s Bank of China, the Bank of Canada and the Federal Reserve, are exploring the concept of issuing their own digital currencies, using the blockchain technology developed for Bitcoin. Skeptical commentators suspect that their primary goal is to eliminate cash, setting us up for negative interest rates (we pay the bank to hold our deposits rather than the reverse).
In college, Economics 101 is often described as the social science discipline that deals with the production, distribution and consumption of goods and services. MIT Economist Paul Samuelson liked to focus on scarcity, or more specifically, the allocation of scarce resources. “Abundance” was always a pretty word with an idyllic connotation for Professor Samuelson. I often wonder why there weren’t a few classes about the real-life consequences of abundance, along with scarcity and people’s material welfare.
“It is a question of the Third World starting a new history of Man, a history which will have regard to the sometimes prodigious theses which Europe has put forward, but which will also not forget Europe’s crimes, of which the most horrible was committed in the heart of man, and consisted of the pathological tearing apart of his functions and the crumbling away of his unity.”
Frantz Fanon, The Wretched of the Earth, (Fanon, 1963, p. 315).
“We all live under the constant threat of our own annihilation. Only by the most outrageous violation of ourselves have we achieved our capacity to live in relative adjustment to a civilization apparently driven to its own destruction.”
R. D. Laing, The Politics of Experience/The Bird of Paradise (R.D. Laing, 1967)
When the stunning article “Why the Future Doesn’t Need Us” by Bill Joy, chief scientist for Sun Microsystems, made the cover of Wired Magazine in April 2000, it created quite a rumble in high-tech circles. Its argument was that “our most powerful 21st century technologies—robotics, genetic engineering, and nanotech—are threatening to make humans an endangered species.”
PressTV Documentaries on Oct 26, 2014
We live in the United States of Surveillance — with cameras increasingly positioned on street corners and with much more invisible spying online and on the phone. Anyone who is paying attention knows that privacy could be out the window. All of this is not happening by accident -well funded powerful agencies and companies are engaged in the business of keeping tabs on what we do, what we say, and what we think.
To many in the world, today, the face of America also has A BIG NOSE for sniffing and sifting mountains of data—phone calls, emails and texts. And with many mouths silenced by paranoia to keep what they decide is secret, secret. America has become a Surveillance-Industrial State where everyone’s business has become its business, and where one huge US intelligence Agency has been given the sanction and unlimited amounts of money to spy on the whole world.
Mass Surveillance is the focus of this new 6 part investigative documentary series examining who is watching whom and why.
RT on Apr 9, 2014
No legal means exist to challenge mass surveillance, said NSA whistleblower Edward Snowden, testifying to the Parliamentary Assembly of the Council of Europe. A former NSA contractor, Snowden was speaking to the PACE session in Strasbourg via a video link-up from Moscow.
US fueled dissent in Cuba with fake Twitter
RT America on Apr 3, 2014
In 2009, the US Agency for International Development, USAID, created a Twitter-like social network called ZunZuneo in order to fuel dissent in Cuba. According to the Associated Press, the service was intended to let users not only discuss topics such as sports and music, but also organize protests, voice dissent, and avoid censorship in the island nation. Topping out at around 40,000 users that the US gathered demographic and other information on, the program was ended after a government grant expired in September 2012. RT’s Ameera David dives into the details of this newly revealed USAID program.
TED on Mar 18, 2014
Appearing by telepresence robot, Edward Snowden speaks at TED2014 about surveillance and Internet freedom. The right to data privacy, he suggests, is not a partisan issue, but requires a fundamental rethink of the role of the internet in our lives — and the laws that protect it. “Your rights matter,” he say, “because you never know when you’re going to need them.” Chris Anderson interviews, with special guest Tim Berners-Lee.