Universal Basic Services
Free money handouts are not the answer.
The future of basic income isn’t free money, it’s more subsidized and free services and utilities. It’s better access to affordable education and healthcare. It’s better ways of subsidizing investing in your skills for the long-term.
Basic income is too transactional
In a world of increasing machine intelligence, automation and robots — we need to upgrade what we consider human rights for the post-modern consumer and global citizen.
UBI is too often paraded as some kind of an alternative to a social safety net or welfare concept. That’s not its true potential. Rather, basic services should enable wealth inequality of the 1% and technological corporations to fulfill their corporate social responsibility (CSR) mandate to make the world better and empower people.
Sharing economy of the future
A portion of the Ad revenue Facebook and Google makes should go back into the community. A portion of the Cloud revenue Microsoft and Amazon makes should go back into the business world and startups. This is what the sharing economy really means, not a Gig economy that exploits workers.
The future of universal basic services and various stipends given not by Governments but by AI moderated systems will be on the blockchain. They will likely start as private stablecoins from walled garden ecosystems such as Facebook, Amazon, Apple and even banks like JP Morgan. Corporate social responsibility becomes more important as wealth inequality is set to accelerate in the 2020s. In the 2030s, automation impacting several industries accelerates.
The potential of basic services
If we are talking about the economy in the 2020 Presidential elections just wait until the brunt force of AI and automation hits. Universal Basic services can solve a lot of the paint points of a Middle class that is getting more into debt with less opportunity for social mobility than previous generations.
No, Governments shouldn’t just write free checks unconditionally of $500 or $1,000. A basic stipend needs to be fair with an AI system that’s always evolving that incorporates, formalizes and legalizes how businesses should give back to global citizens. A Universal basic services program with incentives, loyalty programs, subsiding utilities and free utilities really is the answer. This is essentially all that Facebook could have been, if it had used its enormous profits for social good rather than for shareholders and a monopoly like influence.
Our iterations and vision of what basic income becomes has to evolve in an age of artificial intelligence. Cryptoeconomics and the token economy means money is not what it used to be. Basic services should replace how we see benefits, if I’m an at risk demographic, I should get subsided Lyft and Uber rides and lowering banking fees with JP Morgan stablecoin to help, for example.
Services augmented with AI & Blockchain
In a walled garden economy of banks and internet ecosystems, stablecoins could enable a Basic Income that actually makes sense to the future of capitalism, the economy and a radical new vision of social equality that will be the end-game of the democratic socialists movement. In short, whatever AOC becomes, companies like Amazon will have to follow suit. This is even more potently true if Bernie Sanders becomes a leading candidate in 2020, which appears entirely plausible as of the Spring of 2019.
The social credit systems of surveillance capitalism implemented in the 2020s lead naturally and organically to universal basic services systems. This is the beginning of how global capitalism begins to decouple work from a living wage. The future is much more complex than the the proponents of UBI would have you believe. To see the future of UBI you must understand that AI will be helping to make all transactional decisions in the future, from the stock market to what the field of HR to know what an employee is actually worth.
What democratic socialism becomes…
The targets of the Green New Deal sync with universal basic services and a new era of how Gen Z and Millennial want the future of capitalism to be. Responsible, mindful, always striving for better alignment with Utopian goals where business and government are leaders and not laggards of social movements. This is a kind of environmental socialism where young people want to better adapt to the Planet and make sure that all global citizens have some measure of increasing equality in terms of their opportunity to live a high quality life.
Universal basic income only goes so far — free public services are essential too
We live in an age where Google search or Facebook’s apps feel like a common utility for all. Yet consumers are not compensated for the data harvesting and behavioral targeting these services provide. In an era where the user is the product, these platforms are not free or operate like true utilities.
What if Amazon Prime was subsidized for certain populations and Costco and Walmart did the same. Wouldn’t that be more useful than “free cash”, better for human dignity. What if Waymo’s autonomous cars were free for certain populations? What if the smart city personalized how it responded to us based upon our actual social economic standing and access to privilege and opportunity?
Improved Accessibility not Free Rewards
UBI needs to go way behind the concept of money, and social services need to be completely rethought in an era of AI. This will occur spontaneously but might mean wealth inequality continues to scale out of control creating serious social and civic unrest before these changes take place. In an era where young people care about the economy and the environment the most, Tech companies will be held accountable as they disrupt business verticals.
A UBI-lite program for at-risk populations would just the beginning. Tuition-free degree programs are just the beginning. Basic income trial experiments, are just the beginning. We need to re-conceive of how tech companies and the most profitable corporations interact and fund wealth equality and this means actual public services from housing, transport, food to other characteristics of life that are basic needs perhaps even including entertainment, education, healthcare and so forth. As Amazon, Google and Apple pivot into healthcare and banking, they will increasingly be in a position to impact this.