UBI and the tech bros

In this episode of the Debunking Economics podcast, Steve Keen and Phil Dobbie discuss Elon Musk's vision of a future with universal high income, driven by robots and AI, and the potential economic and social implications. They explore whether such a system could be equitable or lead to extreme wealth concentration, touching on the role of government, the need for money creation, and the potential for a "Hunger Games" scenario if wealth isn't distributed effectively. They also discuss the concentration of power in tech companies, the decline of community, and alternative economic models like cooperatives to ensure a more equitable and controlled future.