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Comment by panglott

'Jeremy Rifkin, author of “The Third Industrial Revolution,” said a basic income would enable people to volunteer their time in areas like elder care, child care, culture and the environment.'

This seems like the most important sentence in the article. Raising children, caring for the elderly, editing Wikipedia, free software, &c. creates huge amounts of unremunerated value. If people were freed from economic drudge work, they would have free time not only for leisure, but that kind of valuable work as well.

Japan for example has a time-based currency to coordinate elder care, but that sort of thing will always be an issue of sharing volunteer labor. http://www.bbc.com/news/uk-11657006

parent panglott 11 years ago

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