Without basic economic security, people often behave selfishly and vote irresponsibly.
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Farmers protest falling prices and the plight of the Finnish agriculture sector. Helsinki, Finland. March 11, 2016. Vesa ESA Moilanen via Getty Images
01/06/2017 | A groundbreaking pilot project launched this week in Finland. The government is going to give a randomly selected group of 2,000 unemployed citizens a monthly income of $587 with no strings attached and no need to report how they spend it. The project aims to test the feasibility of a program ― called basic income ― that’s worked in earlier pilot projects elsewhere in the world.
Basic income ― also known as universal basic income and basic minimum income ― is a modest amount paid individually and equally to citizens, without behavioral conditions. It has proven to reduce inequality and enhance economic and social freedom. And its time has come.
Guy Standing: Professor of Development, University of London; author, “The Precariat: The New Dangerous Class”