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A Radical Critique Of Universal Basic Income

Authored by Charles Hugh Smith via OfTwoMinds blog, This critique reveals the unintended consequences of UBI. Readers have been asking me what I thought of Universal Basic Income (UBI) as the solution to the systemic problem of jobs being replaced by automation. To answer this question, I realized I had to start by taking a […]


America’s Extreme Social Fragmentation Exposed In 3 Simple Charts

Via MauldinEconomics.com, Analysts have been conducting studies since 1994, trying to discern political polarization. These three charts look at the years 1994, 2004, and 2017. Even as late as 2004, notice the broad crossover between the median Democrat and median Republican. And then notice how wide the divide is today. Not only are the median […]


Is Capitalism Dead Or Merely Dying?

Authored by Raul Ilargi Meijer via The Automatic Earth blog, New Zealand’s new prime minister Jacinda Ardern calls capitalism a blatant failure. Former Greek finance minister Yanis Varoufakis says capitalism is ‘merely’ coming to an end because it is making itself obsolete. Mathematics professor Bruce Boghosian claims that without redistribution of wealth, our market economy […]


Hawaii Considers A “Universal Basic Income” As Robots Seen Stealing Jobs, There’s Just One Catch…

Forget social security, medicaid and WIC, today’s progressives have moved well beyond discussing such entitlement relics of the past and nowadays dedicate their efforts to the concept of a “Universal Basic Income” for all…call it the New ‘New Deal’.  You know, because having to work for that “car in every garage and chicken in every […]