Article: Silicon Valley talks a good game on ‘basic income’, but its words are empty

Money, Open Governance

Silicon Valley talks a good game on ‘basic income’, but its words are empty

Silicon Valley rarely talks politics – except, perhaps, to discuss the quickest ways of disrupting it. On the rare occasions that its leaders do speak out, it is usually to disparage the homeless, celebrate colonialism or complain about the hapless city regulators who are out to strangle the fragile artisans who gave us Uber and Airbnb.

Thus it is puzzling that America’s tech elites have become the world’s loudest proponents of basic income – an old but radical idea that has been embraced, for very different reasons and in very different forms, by both left and right. From Marc Andreessen to Tim O’Reilly, Silicon Valley’s royalty seems intrigued by the prospect of handing out cash to ordinary citizens, regardless of whether they work or not.

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