The concept of universal basic income (or UBI) - a regularly provided cash payment distributed without conditions to all individuals within a defined community - has a long history and an as yet unwritten future. As someone considered to be one of the world’s experts on the topic with
Why?
Because China is the enemy of the western world, or rather democracy in general. They are imperialist as hell.
Mostly agree, although I wouldn’t say the enemy, because it’s really just the biggest autocracy rather than the only one.
I don’t see how that makes them less likely to succeed at a basic income, should they choose to do that, though.
Its the biggest and most powerful.
And their economy is falling apart literally, they would cause a hyper inflation by doing such a thing. Also their demographic is a gigantic problem.
It isn’t looking like a great moment in China, I’ll give you that. Banning shortselling is a doubly bad sign, because it indicates a major issue and is also guaranteed not to help solve it.