Understanding Universal Basic Income and Economic Models

Douglas Rushkoff discusses his initial support for Universal Basic Income (UBI) and critiques the notion of creating unnecessary jobs to justify economic participation. He highlights the inefficiencies and environmental impacts of current economic practices. Rushkoff argues that UBI can be exploited by corporations to avoid paying fair wages, and suggests a shift towards universal basic assets, where workers have ownership and participation in production, as a more equitable solution.

What is Douglas Rushkoff's initial stance on universal basic income (UBI)?

• He is indifferent.

• He supports it.

• He is against it.

• He has never heard of it.

According to Rushkoff, why is creating more jobs not necessarily beneficial?

• It leads to more pollution.

• It results in overproduction of unnecessary goods.

• It decreases market values.

• It increases unemployment rates.

What does Rushkoff suggest as an alternative to creating more jobs?

• Building more factories

• Raising minimum wage

• Reducing work hours

• Increasing taxes

What is a major environmental concern mentioned by Rushkoff regarding current production methods?

• Deforestation

• Air pollution

• Water scarcity

• Topsoil depletion

How does Rushkoff describe the current state of employment?

• A decrease in job satisfaction

• A myth of lower employment

• A rise in job opportunities

• Stable employment rates

What is the main issue with Uber's business model according to Rushkoff?

• It offers too many benefits.

• It relies on outdated technology.

• It charges too much for rides.

• It exploits drivers without long-term benefits.

How might companies misuse universal basic income, according to Rushkoff?

• To promote environmental sustainability

• To reduce consumer spending

• To avoid paying fair wages

• As a way to increase taxes

What alternative does Rushkoff propose to universal basic income?

• Universal basic education

• Universal basic housing

• Universal basic assets

• Universal basic healthcare

What is the goal of universal basic assets according to Rushkoff?

• To reduce taxes

• To provide free housing

• To ensure worker ownership and participation

• To increase government control

What does Rushkoff believe is a more sustainable economic strategy than UBI?

• Increasing consumer spending

• Worker ownership of production

• Printing more money

• Raising interest rates