Understanding Society
Is there a new capitalism?
Daniel Little | Chancellor of the University of Michigan-Dearborn, Professor of Philosophy at UM-Dearborn and Professor of Sociology at UM-Ann Arbor
An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
My claim, here, is that Srnicek and Williams’s Inventing the Future errs in the way it poses the problem of unemployment under neoliberalism and that this confused formulation generates a desire for UBI that is not only politically wrongheaded, but also contradicts the book’s professed goal of systemic transformation. The UBI may provide relief from some contemporary ills. But I suggest that it cannot bear the weight of the total transformation Srnicek and Williams are after.…the unheard-of center