Capitalism’s most fundamental rule is: if workers have no money then business has no customers. Today, with our economy at a practical standstill and federal politicians more interested in serving their donors rather than the people, this is more true than ever before. This sad reality is slammed into all our faces as we waddle through this Covid-19 pandemic.
Until the election of 1852, everybody understood that only a Whig or a Democrat could be elected. The Whigs, however, were unable to find consensus on the issue of slavery; and their house, divided against itself, could not stand. A similar thing is happening now with the Democrats around the issue of oligarchy – and it might spell the end of the party.
This simplistic, incorrect, and devastatingly neoliberal plan of instituting a Universal Basic Income will be the final blow against the public purpose and General Welfare Clause as well as an effective coup for the rightwing to establish cash payment as opposed to the services millions desperately need.