Saturday, September 07, 2024

Is UBI Socialist? Can it Work for Capitalism? Redefining Wealth in the Age of AI - Julia McCoy, YouTube

Artificial general intelligence, aka AGI, will automate much of manual labor. It's time to reconsider our economic systems, and soon. Will compute replace currency? Could it be earth's resources are the new replacement for currency? These questions should be asked, and now is the time, so that we can get to the right answer before AGI is here. To avoid mass homelessness when millions are out of work, UBI is a concept that makes sense in this new world. But many still view Universal Basic Income (UBI) from an outdated perspective – as a socialist idea that is incompatible with capitalism. But what if I told you that UBI could be seen as an extension of capitalist principles? Let's explore this idea in today’s video.


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