Tag: Analytical Marxism

January 29, 2019 /

Most discussions of Basic Income revolve around two clusters of issues: first, the normative implications of Basic Income for various conceptions of justice, and second, the pragmatic problems of the sustainability of basic income given a range of economic considerations including such things as effects on tax rates, incentives, labor markets, and so on. These are obviously important issues, but I want to explore a different sort of question: In what ways can a guaranteed basic income be considered part of a broad socialist challenge to capitalism?
This may seem to some people a somewhat irrelevant question, perhaps even a stupid question, since the very idea of socialism has lost so much of its intellectual and political appeal in recent years. The idea that there is a feasible systemic alternative to capitalism, either in the sense of a workable design for alternative economic institutions, or in the sense of a politically achievable goal, seems very far-fetched to many people who still share the traditional socialist criticisms of capitalism.