Good article. What we know in theory — and now in practice in limited “examples” like Biden’s stimmy checks — is that the UBI payments create a deterioration in the value of said payments by amounts greater than the original payments themselves. So those who’s re most negatively impacted by price inflation — the poor — end up in a worse spot than the beginning due to increased currency circulation with no wealth attached. And in a state of perpetual UBI would create an intimate deterioration.
Technically, Canada is not a socialist country. Rather, they are a social democracy. The economy is primarily driven by market forces (supply and demand) and private ownership of the means of production, but the government emphasizes safety nets, which includes services such as free healthcare, strong unions, expansive welfare, etc. Same with the Scandinavian countries - they're often pointed to as successful examples of socialism, but they are capitalist economies.
There are very few, if any, countries that are socialist in the sense of not having market forces drive the economy and public ownership of the means of production.
Good article. What we know in theory — and now in practice in limited “examples” like Biden’s stimmy checks — is that the UBI payments create a deterioration in the value of said payments by amounts greater than the original payments themselves. So those who’s re most negatively impacted by price inflation — the poor — end up in a worse spot than the beginning due to increased currency circulation with no wealth attached. And in a state of perpetual UBI would create an intimate deterioration.
Isn't Canada a socialist country as well, so why does it matter that much is capitalism ideals are not achieved? Idk much about politics.
Technically, Canada is not a socialist country. Rather, they are a social democracy. The economy is primarily driven by market forces (supply and demand) and private ownership of the means of production, but the government emphasizes safety nets, which includes services such as free healthcare, strong unions, expansive welfare, etc. Same with the Scandinavian countries - they're often pointed to as successful examples of socialism, but they are capitalist economies.
There are very few, if any, countries that are socialist in the sense of not having market forces drive the economy and public ownership of the means of production.