Fascinating interview. @AndrewYang explains more deeply why he supports a UBI (#FreedomDividend) w/ @RubinReport.
Mostly a clip from Andrew's stump speech on why UBI is "needed."
This is how Andrew Yang for President proposes to cover the cost of a $2T a year universal basic income proposal to help Americans benefit from the technology boom and automation and elimination of millions of jobs by artificial intelligence, software, and automation.
Tech and software is killing jobs, which is killing the current practice of capitalism. By killing jobs and centralizing capital into corps, the majority of humanity is left behind UNLESS...what? Redistribution? UBI could be part of the solution, but ultimately we need to change how we educate people.
We educate and train humans to do what software does best--THAT is what we must reverse, but Eric doesn't feel our education system is designed for that task, and there is no model / ism to replace capitalism, which has him pessimistic about the future, and why he's looking to new leadership, new thought leaders to develop that new model / ism.
He uses the structure of a computer program where parts of the program are run once, but other parts are run repetitively as loops. We train for loops when we must educate for the run once scenarios.
His favorite movie, Kung Fu Panda illustrates this.
Rushkoff makes a good point, the UBI benefits businesses without giving up control. They can pay a lower wage because of it, and users have money to consume more, which goes to the businesses...and all because the government can print more money to supply UBI. Workers still don't have access to income producing assets or profit sharing.