“The dictionary definition of socialism is “a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.””
The Anti-Social Socialist: 8 Myths about Socialism
Tag: Free Market
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Universal basic income: utopian dream or libertarian nightmare?
Universal basic income: utopian dream or libertarian nightmare?
Some free-market fanatics, meanwhile, have even advocated the idea of a relatively large UBI payment, but (and here’s the catch) only on the proviso that pesky public services – such as healthcare and education – are scrapped, i.e. privatised, and opened up to profit.
Far from strengthening the conquests made by previous generations, therefore, one can see how the demand for a UBI can equally be raised by those looking to roll back and destroy such gains. Rather than increasing the welfare state in a progressive way by redistributing society’s colossal wealth, a UBI could instead become a deeply regressive fig leaf for a wholesale attack on – and privatisation of – public services, bolstering the capitalist market instead of weakening it.