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Prof. Dr. Yanis Varoufakis (former Greek Minister of Finance) | Business for Basic Income

“Basic income is a necessity. It is not a question of whether we like it or not. It will be a major part of any attempt to civilize capitalism as capitalism is going through a spasm caused by its own generation of technologies that undermine it. In the 20th century, we had the stabilization and civilization of capitalism through the rise of social democracy, the New Deal in the United States, the social democratic social market developments in Europe. Unfortunately this social democratic/New Deal paradigm is finished and it cannot be revived.”

Source: Neopolis Network Conference “Future of Work”, Zurich (May 4th, 2016)