The Imperative of an International Guaranteed Income

Twenty-first century capitalism is not an improved and benign version of its nineteenth- and twentieth-century manifestations, nor will it ever be, despite daily bluster by the system's practitioners and apologists that a rising tide of prosperity will soon lift all boats. The animating principles of capitalism governing the pursuit of profits are as hollow and iniquitous now as they were in 1848, especially where human exploitation and the distribution of wealth are concerned. As super-capitalist Warren Buffett remarked recently in a trenchant understatement: "A market system has not worked well in terms of poor people" (The New York Times, June 27, 2006)This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website

Capitalism · Capitalist system · Distribution of wealth · Economic growth · Economic history · Economics · Income distribution · Inequality · Neoclassical economics · Political economy · Political science · Prosperity · Economic Theory and Policy · History · Law · Political Economy and Marxism

• Value orientations and support for guaranteed income

  Open Access•Donald R Richards, Thomas L Steiger•Social Science Quarterly•2021

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