Saturday, October 21, 2017

There Could Be a Real Solution to Our Broken Economy. It’s Called Universal Basic Assets.

There Could Be a Real Solution to Our Broken Economy. It’s Called Universal Basic Assets.

By Marina Gorbis, originally published by Medium.com\

“The marketplace in which most commerce takes place today is not a pre-existing condition of the universe,” says author and Institute for the Future fellow Douglas Rushkoff. “It’s not nature. It’s a game, with very particular rules, set in motion by real people with real purposes.”


Over the past 100 years such rules have fostered unprecedented economic growth. However, today they are also producing deeply damaging social and ecological outcomes.


The numbers are striking. In 2010, 288 of the richest people in the world collectively owned as much wealth as the bottom 3.5 billion people. Last year, according to a recent study by Oxfam International, just eight people owned as much wealth as half of the world’s population.


In this moment of massive wealth inequality​,​ we urgently need to develop a new model for society to deliver both social and economic equity.


The answer may be in the concept of Universal Basic Assets (UBA),​ which​ in my definition​ is​ a core, basic set of resources that every person is entitled to, from housing and healthcare to education and financial security.

It Can Get Worse. 

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