Can UBI Survive Financialization? (Project-Syndicate)

If a universal basic income is used primarily to service debt and secure new loans, it cannot fulfill its promise as a revolutionary pathway to freedom from the whip of the market. On the contrary, such a financialized UBI would simply leave citizens more indebted and dependent on rentier capital.

https://www.project-syndicate.org/commentary/ubi-financialization-debt-welfare-by-lena-lavinas-2019-06

Lena Lavinas, Professor of Welfare Economics at the Institute of Economics at the Federal University of Rio de Janeiro, is the author of The Takeover of Social Policy by Financialization: The Brazilian Paradox.

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