What do you think?
Rate this book


352 pages, Hardcover
First published October 8, 2019
“Everything civilization has to offer is the product of our intelligence; gaining access to considerably greater intelligence would be the biggest event in human history. The purpose of the book is to explain why it might be the last event in human history and how to make sure that it is not.”
Such a future requires a radical change in our economic system, because, in many countries, those who do not work face poverty or destitution. Thus, modern proponents of Keynes's vision usually sup port some form of universal basic income, or UBI. Funded by value added taxes or by taxes on income from capital, UBI would provide a reasonable income to every adult, regardless of circumstance. Those who aspire to a higher standard of living can still work without losing the UBI, while those who do nọt can spend their time as they see fit. Perhaps surprisingly, UBI has support across the political spectrum, ranging from the Adam Smith Institute28 to the Green Party.
For some, UBI represents a version of paradise. For others, it rep resents an admission of failure-an assertion that most people will have nothing of economic value to contribute to society. They can be fed and housed-mostly by machines-but otherwise left to their own devices. The truth, as always, lies somewhere in between, and it depends largely on how one views human psychology. Keynes, in his essay, made a clear distinction between those who strive and those who enjoy-those "purposive" people for whom "i am is not jam unless it is a case of jam to-morrow and never jam to-day" and those "delightful" people who are "capable of taking direct enjoyment in things." The UBI proposal assumes that the great majority of people are of the delightful variety.