Re: Unconditional subsistence income--AKA Citizens' Income

Thanks Janos for posting about basic income or citizens basic income, which is  a necessity to address mass povert in developing countries and increasingly here.

The BIEN european network was pretty much a closed organization, as I did not get response from them 2-3 years ago, now they are coming to south Africa which is home of biggest banks.

Citizens income do not change the status quo of rising debt burden on those who cannot meet it, and increasing accumulation of wealth in few hands. So citizens need to be aware of that.

Bishop Tutu's speech worth watching
http://www.youtube.com/watch?v=gf3n-L5FDy0

Peace
Mita
Deep Conscious Capitalism

Re: Unconditional subsistence income--AKA Citizens' Income

Thank you for commenting here.

You are right in saying that Basic Income is not enough. We only need to insist that it is necessary in the modern world. Other things need to change as well for complete transformation.

I suggest that your comment “…rising debt burden on those who cannot meet it, and increasing accumulation of wealth in few hands…” refers to the need to socialise the benefits of the two fundamental monopolies. These benefits are, at the moment, captured by private sectional interests.

Allowing this to continue amounts to governments' gross neglect of their “fiduciary duties” and needs to be made actionable at the bar of a well informed public opinion. We need a team of public spirited lawyers to discuss this basic failure of governmental responsibility.

The two fundamental monopolies are, of course, private control of the value of natural resources (including urban and agricultural land) and the private monopoly of creating a nation's money supply as a private enterprise instead of as an administrative, fee earning service to society.

Re: Unconditional subsistence income--AKA Citizens' Income

Mita,
You are right to point out that citizens income does not directly change the status quo. it is only one of the preconditions.