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Boom and bust

Danielle Batist
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piqer: Danielle Batist
Monday, 06 February 2017

Free Money For Everyone: The Case For Basic Income

Tackling poverty by giving people cash for free. It is such a straightforward idea that it has often been ridiculed as ‘utopia’: a solution simply too good to be true. And yet, this year more than a dozen basic income experiments are running around the world. From Kenya to California, Finland and the Netherlands, the idea is spreading like wildfire and politicians are taking notice.

Three years ago, Dutch digital journalism platform De Correspondent published one of its most popular stories to date. Titled ‘Why we should give free money to everyone’, the essay by Rutger Bregman explores why a universal income could be the answer to struggling societies everywhere.

In clear and straightforward language, Bregman explains how we can embrace ‘Utopia for Realists’, which is also the title of his book on the same subject, to be published in more than 10 countries this spring. He argues that the time for change is now:

“Our welfare state is out of date, based on a time in which men were the sole breadwinners and employees stayed with one company for their entire careers. Our pension system and unemployment protection programmes are still centred around those lucky enough to have steady employment. Social security is based on the wrong premise that the economy creates enough jobs. Welfare programmes have become pitfalls instead of trampolines. Never before has the time been so ripe to implement a universal and unconditional basic income.”

The idea for basic income, defined by the Basic Income European Network as “a periodic cash payment unconditionally delivered to all on an individual basis, without means-test or work requirement,” has been around for decades. However, it's never been implemented in multiple places simultaneously.

Soon after publication in 2014, the article was republished by the Washington Post. The many basic income experiments that have launched since then are a testament to Bregman’s forward-thinking mind-set and make his original essay all the more relevant today.

Free Money For Everyone: The Case For Basic Income
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Comments 3
  1. Frederik Fischer
    Frederik Fischer · Created more than 2 years ago ·

    Feedback:
    Excellent! The only aspect I'm missing: Some links or infos on the many projects that have been started since.

    1. Danielle Batist
      Danielle Batist · Created more than 2 years ago ·

      It is in the link in the first paragraph, Frederik (linked in the word 'experiments'): http://uk.businessinsi...

    2. Frederik Fischer
      Frederik Fischer · Created more than 2 years ago ·

      @Danielle Batist Sorry, my bad. Thanks!

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