Tag Archive: Economy

Can Basic Income Come to America?

Medium, June 9, 2016

LAST SUNDAY, Swiss voters defeated a ballot initiative that would have required their government to pay every Swiss citizen $2,500 a month, no questions asked. That electoral setback is far from a death knell for basic income in Europe, however. In Finland, the center-right government is test­ing a plan that could pay all Finns about $870 a month. In Britain, the Neth­er­­lands and elsewhere, politi­cians are discussing simi­lar schemes, and popular interest is spreading.

But America isn’t Europe, and whatever the odds of basic income taking hold there, they’re a lot lower here. Most European countries already have gener­ous welfare states, with no shame or stigma attached to them. There, basic income is viewed as a way to simplify, not expand, the existing welfare state. Cut out the bureau­crats and the qualifying tests, and just give every­one cash to use as they wish.

4798232The situation is quite different in the United States. Here, efforts over the years to build a welfare state have con­sist­ently been thwarted by Ameri­ca’s prefer­ence for individual self-reli­ance, distaste for government, and racism. The re­sult is a safety net so stingy and hard to navigate that many who are eli­gible don’t even bother. To shift from that to a basic income for every­one would be an extraordinary leap, the mere thought of which pushes two potent American hot but­tons: (1) fear that our work ethic will be undermined, and (2) dread that our taxes will soar.

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Introduction to “Capitalism 3.0”

I’M A BUSINESSMAN. I believe society should reward successful initiative with profit. At the same time, I know that profit-seeking activities have unhealthy side effects. They cause pollution, waste, inequality, anxiety, and no small amount of confusion about the purpose of life.

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Confessions of a Socialist Entrepreneur

The Washington Monthly, October 1983

SEVEN years ago, at the age of 34, I decided to become a socialist entrepreneur.  It seemed like a logical calling to pursue.  As a jour­nalist, I’d flung my share of arrows at the big corporations.  But if the left rejected corporate capitalism, we had to show there are some workable alternatives.

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Bringing Back the WPA

The New Republic, March 15, 1975

PEOPLE HAVE two main complaints about jobs these days: there aren’t enough of them, and most of those that do exist are pretty unsatisfying.

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Beyond Antitrust

The New Republic, July 6,1974

ANTITRUST is a criminologist’s approach to economics: it seeks to punish unwanted behavior.  In addition to that, we need public competitors to giant corporations.

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The Case for a Tax on Wealth

Business and Society Review, Winter 1974

WEALTHY PERSONS in America enjoy secu­rity, privilege, power, and freedom from demeaning chores.  Some of these benefits derive from wealth itself, others from its unequal distribution.  It is the latter that are properly the concern of the non-wealthy.

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TVA After 40 Years

The New Republic, November 10,1973

WHEN THE TENNESSEE Valley Authority was created by Congress in 1933, it was conceived of not only as an effort to revitalize an impoverished region, but also as an experiment in public enterprise.  Forty years later the returns on TVA are pretty much in.

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Socialist Experiment In Canada

The New Republic, October 13, 1973

THREE of the four provinces in western Canada — Man­itoba, Sas­katchewan and British Columbia — are gov­erned by socialist parties.  With the over­throw of Salvador Allende in Chile, these are now the only democratic socialist governments in the Western Hemisphere.

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Review of “The New Populism” by Fred Harris

The New Republic, September 8, 1973

BOOKS BY POLITICIANS tend to be boring, staff-produced efforts designed to dis­play The Boss as a thoughtful public servant.  What sets Fred Harris’ apart is his unique angle of vision.  He is the only major politician who says publicly and indeed vo­ciferously that American capitalism is a shuck.

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Elites and Alternatives

The New Republic, March 31, 1973

Our economy is controlled by an extremely small, largely unaccountable set of elites operating on behalf of a wealth-owning minority.  To alter this pattern of own­er­ship and control is politically unfeasible at the moment, but so are many things until enough people decide they want them.

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