Yanis Varoufakis: Basic Income Will Be a Major Part of Any Attempt to Civilize Capitalism (Video)

“Think of basic income as a trust fund for all our children,” Greek economist Yanis Varoufakis said at an event organized by the nonprofit acTVism, “to be financed by dividends from our aggregate capital—which was, after all, created collectively.”

Listen to the rest of Varoufakis’ argument in favor of universal basic income, a program he says would help establish equality and “help central bankers go to sleep at night.”

— Posted by Natasha Hakimi Zapata