PART 02 [SDF2023] The Global Transformation: Common Justice and Basic Security 2023.11.02 All Videos
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#precariat #meltinglabor #thefutureofwork

We are in the midst of the Global Transformation, construction of a globalized economic system and society, which began in the 1970s with the neoliberal economics revolution. This has generated a system of rentier capitalism, the triumph of property rights, in which more income goes to 'owners of property' - physical, financial and intellectual - and less to those who rely on labour. There has been a plunder of the commons, and a new globalized class structure with the 'precariat' as the mass class, living in chronic insecurity, in debt, losing the rights of citizenship. AI, driven by financial capital, will not produce mass unemployment, but will increase inequality and insecurity. That is why moving in the direction of a basic income for all is becoming not just a matter of justice but also an economic imperative.