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%
Modern Monetary Theory (MMT) (previously) is an alternative to neoclassical economics that holds that sovereign states that issue their own currency can't default on debts denominated in that currency (if you are the sole source of Canadian dollars and all your debts are in Canadian dollars, you can always pay those debts), and that deficit […]
Mariana Mazzucato (previously) came to prominence after the publication of her 2013 book The Entrepreneurial State, which described the way that robust state spending on large-scale R&D was critical to the kinds of commercial technological "breakthroughs" that the private sector liked to take credit for, and argued that the decades-long drawdown in public spending on […]
Modern Monetary Theory (AKA MMT) is the latest incarnation of a long-running current in economic thought, once called Chartalism, which has gained prominence in recent years as an alternative to austerity economics, whose dictates have immiserated millions, destabilized world politics, and threaten the extinction of the human race thanks to climate inaction in the guise […]
This holiday season, give the delivery man a break. Who needs the extra cost and uncertainty of shipping anyway? Here are 10-holiday gifts that cut out the middleman and go straight to the nicest ones on your Christmas list. Winc Wine Delivery Okay, we might be cheating a little with this first one, but a […]
For some folks, writing notes by hand is just plain easier, but having to re-type them later can be a huge bore, not to mention time-sink. The guys from Rocketbook successfully merged the best parts of analog and digital note-taking with their Everlast notebook awhile back. And now, that tech just got a lot more […]
There are fast-paced card games, and some of them even require enough dexterity for a mini-workout (like Skip-Bo or Snap). But there’s nothing quite like the Mokuru® Card Game, which uses an already addictive fidget toy as the centerpiece for a cutthroat game of tabletop challenges. The game is named for the toy that gets […]