Universal basic income has gotten a lot of attention in the past five years. What is universal basic income, and why might it be a compelling component of a just society? How did the pandemic accelerate the possibility to adopting cash assistance in various forms?
Our guests for this episode are Natalie Foster and Dorian Warren, co-founders of the Economic Security Project which has spearheaded some tremendously impactful work around guaranteed income in the United States over the past few years.
In this episode, we do a deep dive on universal basic income and guaranteed income, including:
- What universal basic income (UBI) is [2:15]
- Its funding sources and costs [3:42, 34:31]
- Four arguments for it from a political theory perspective [3:44]
- Practical arguments from the macro and microeconomic points of view [8:24]
- Distinguishing "guaranteed income" from UBI [11:14]
- Historical influences and the movement of poverty abolitionism [16:03]
- Valuing the care economy [19:24]
- Complementary views from Buckminster Fuller, Milton Friedman, and Charles Eisenstein [20:42]
- Incorporating solidarity economics [21:39]
- Policy experiments, especially in Stockton, California [23:24]
- How recipients spent the money and were affected [26:00]
- Mayors for Guaranteed Income and pilots currently underway around the United States [32:17]
- Going behind the scenes of social change work [35:42]
- The narrative, cultural and political elements of power [39:00]
- Similarities to social security [41:13]
- Sources of excitement and hope [46:06]
Resources
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