Basic Income

Theory is that if people have more money because of higher minimum wage, then they can improve their conditions of reproduction of labor power. That assumes that nobody's going to rip them off with the point of realization. Who else is in favor of a basic income? Silicon Valley. They know that its innovations are going to put everybody out of work. If everybody's out of work, they're not going to have any money, they'reNot going to buy, but they're selling. So I think this is politically useful. It helps you sort of think through what is going on in terms of the circulation of capital in general.