(509) Guaranteed universal income and the ‘swarm economy’

Swarm EconomyMost advocates of guaranteed national minimum incomes argue in favour of such a tool as a direct way to combat the ill effects of poverty and social difficulty in complicated economic environments.  Business arguments in favour of minimum incomes are perhaps more important in certain places when it comes to seeing them enacted.  We were really intrigued to come across a piece at Falkvinge & Co. sensibly advocating for minimum income from the point of view of high technology management and digital entrepreneurship in a dangerous, fast-moving future economy.  That economy will feature serious insecurity for working people while being rich in opportunities and rewards for innovative behaviour in new environments.  The country, city or region that best nurtures the dynamic players in the risky new world will be the ones to thrive.  How best to do that?

Falkvinge.net is as close as you can get to the forward-most positions of the new economy.  Perspectives and opinions there are edgy and sensible.  How will a new Bill Gates evolve if she is trapped in a dead end job in the suburbs, wasting all her time and energy getting to and from insecure work that barely pays for a minimum dignity of life?  How will the rest of us find our way as well?  A guaranteed minimal income could help organize the most powerful aspects of the future economic life of places willing to adopt one.  This argument is pure business: pure self-interest of a radical kind.

What a contrast to the embarrassing words of those who fight increased minimum wages in North America, let alone a guaranteed universal income, on the basis they would hurt business or reduce personal incentive to participate in the economy.  This piece makes a case for a guaranteed income as a powerful tool that acknowledges reality and supports high quality entrepreneurship in a decentralized, increasingly open source world .  This profoundly reverses opinions like those of TV businessman Kevin O’Leary.  The latter’s recent cranky assertion that global poverty and the spectacles of wealth will somehow inspire future entrepreneurship seems quite mentally ill when read next to material such as this:

More thoughts on the coming swarm economy