The UK's tax credits system is expensive, inefficient and hurts the very people it is supposed to help. It is not fit for purpose.
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Basic income may well prove to be the best tool to preserve our capitalist system. But first, progressive politicians need to educate the public that austerity is the problem, not the solution.
It's possible that a society of educated people is likely to be more cultured and scientific-minded than one of non-graduates, and this should have positive externalities in the form of better political discourse and higher culture. There is, however, little evidence of this in practice.
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RT @azizonomics: Let Them Eat Baklava http://t.co/Pqer5KikAk The Troika is cutting off its nose to spite its face. My latest for @PieriaVi…
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RT @econromesh: Robots seem to be improving productivity, not costing jobs, @HarvardBiz on @CEP_LSE research: https://t.co/8ZzNQYMk0R