this post was submitted on 12 Jul 2024
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You can have a capitalist economy without billionaires. It just requires a wealth tax and welfare state. Nothing wrong with small businesses and anti trust.
All that said, UBI is inevitable with the rise of automation, as the value of labour drops to zero. The only question is: will the labour class fight for their share of the pie, or will they roll over and just die of hunger.
Solid take.