Article 3BBJT Ideas for an economics in which people matter | Letters

Ideas for an economics in which people matter | Letters

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The Green party co-leader Jonathan Bartley and others extol a universal basic income; academics including Orazio Attanasio defend economics and its models; the Adam Smith Institute's Tim Worstall writes on the value of household labour; and William Sharp recalls the subtitle of Small is Beautiful

In decrying a universal basic income, Sonia Sodha has set up a straw man argument (Money for nothing is no panacea, 18 December). No serious proponent of UBI that I work with believes it is a silver bullet. Nor do we believe that it will suddenly fix the modern economy. It's clear to all that the current economic system is broken. Inequality is rising, as are rates of depression, self-harm, isolation and loneliness, and our planet is being ruined by a system that values growth at all costs. We know that radical changes are also needed to our tax system, to employment rights, and to working practices. But UBI is part of changing the agenda. It turns on its head the way we view work and welfare, and it is one response to the important question we should all be asking: who is the economy for?

Business as usual - whether that be the welfare state designed for a different age, or exploitative, endless work - should not be the only option. A basic income would provide everyone with basic security, but also choice. It would give them the freedom to explore life outside of work, taking the strain off both individual workers and our planet. It is a revolutionary idea that would invigorate communities and individual wellbeing.
Jonathan Bartley
Co-leader of the Green party

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