Comment by aminok

10 years ago

Economists have looked at this and concluded that the spread of market institutions like private property rights has accelerated poverty reduction, because of the effect it has on capital allocation and incentives.

Science isn't generated in a vacuum, and in any case, science alone doesn't generate goods/services. I strongly recommend you look at the evidence presented on the causes of global poverty reduction:

https://www.ted.com/talks/paul_romer

http://www.economist.com/news/leaders/21578665-nearly-1-bill...

http://www.csmonitor.com/World/2016/0207/Progress-in-the-glo...

Engineering produces solutions to the problem the economy presents it. Its only going to solve the problems of poor people to the degree they can afford to pay for the goods and services designed. This could be a benefit of BI, redirecting some engineering focus from earners to non earners, who tend to live more economically sustainable lives by necessity.

  • I recommend you study some economics. A lot of the ideas you have seem to be a product of fear-based conjecture insted of knowledge. For example, you seem to not be aware that the economic development that market institutions facilitate makes goods/services more affordable for the masses, including poor people.

    Did you read the articles I linked? What was your takaway from them?

    • You linked christian science monitor and an economist fluff peice fta: "take a bow capitalism," yea - quality, unbiased, non-ideological sources here. /s Neither mentioned the concept of BI.

      Obviously after implementing BI the economy may not adhere to previous economic models since youre changing part of it.

      What scientific studies would you reccomend? I dont consider ted talks to be a rigorous science community and I dont think its conjecture that products are designed for the people who will ultimately pay for them.

      3 replies →