It’s an unprecedented – and massive – experiment: Since 2017 the U.S.-based charity GiveDirectly has been providing thousands of villagers in Kenya what’s called a “universal basic income” – a cash grant of about $50, delivered every month, with the commitment to keep the payments coming for 12 years. It is a crucial test of what many consider one of the most cutting-edge ideas for alleviating global poverty. This week a team of independent researchers who have been studying the impact released their first results…
This is the natural course of capitalism. Accumulation of wealth through private ownership of factories and corporations means concentration of power at the capitalist ruling class, and never-ending rise in inequality.
It rewards those who are greedy and willing to exploit others.