- Date published:
10:52 am, June 26th, 2015 - 97 comments
Categories: capitalism, climate change, Economy, Environment, global warming, International, welfare - Tags: AGW, climate change, ubi
As reported in The Independent, Utrecht, a city with a population of some 300 000 people, is to launch a universal basic income experiment. Recently, a court order issued to the Dutch government demanded that it cut CO2 emissions by 25% over the next 5 years. This, according to mainstream economists, sits at the very edge of economic viability, which is why no climate model incorporates CO2 reductions above around 5% in spite of the science informing us we need to cut at around 10%. My thoughts are that a UBI may well become a necessary measure for governments seeking to salvage current economic configurations in an environment demanding de-growth strategies.