Making sense of Basic Income proposals

Universal Basic Income isn't just one proposal: it's a whole spectrum of ideas, with different glosses and nuances coming from the right and the left, from libertarians and those of a more paternalistic bent. Read the rest

Eight people own the same wealth as 3.6 billion other people

Last year, according to a recent study by Oxfam International, just eight people owned as much wealth as half of the world’s population. That's bad. Many people suggest Universal Basic Income as a way to help solve that problem. My friend and Institute for the Future colleague Marina Gorbis suggests that we need something more -- Universal Basic Assets. From her provocative essay on Medium:

The answer may be in the concept of Universal Basic Assets (UBA),​ which​ in my definition​ is​ a core, basic set of resources that every person is entitled to, from housing and healthcare to education and financial security...

In designing Universal Basic Assets we take into account access to traditional physical and financial assets like land and money, as well as the growing pools of digital assets (data, digital currencies, reputations, etc.). We also recognize and assign value to exchanges we engage in as a part of maintaining the social fabric of our society but that do not currently carry with them monetary value (caring, creative output, knowledge generation, etc.).

In essence, we need to look at the concept of assets in its broadest sense, considering three classes of assets: private, public, and open.

‘Universal Basic Assets’: A new economic model that could save the other 99% Read the rest

Bruce Sterling's SXSW 2017 keynote: what should humans do?

Every year, Bruce Sterling closes the SXSW Interactive Festival with a wide-ranging, hour-long speech about the state of the nation: the format is 20 minutes' worth of riffing on current affairs, and then 40 minutes of main thesis, scorchingly delivered, with insights, rage, inspiration and calls to action. Read the rest

How self-driving cars could make everything worse, and what to do about it

The promise of self-driving cars is to take our vehicle fleets from 5% utilization to near-100% utilization, reducing congestion, parking problems, emissions and road accidents. But what if the cheapest way to "park" your autonomous vehicle is to have it endlessly circle the block while you're at work? What do we do about the lost jobs of bus-, truck- and cab-drivers? How will we pay for roads if gas-tax revenues plummet thanks to all-electric fleets? Read the rest