Over 400 years BC, a massive seam of silver was discovered in the mines in Athens. Naturally, how to distribute this new-found wealth provoked great debate. Aristides, a statesman of the time, proposed that the profit be distributed among the Athenian citizens.
The way in which natural resources – not only mining, but water, natural forests, arable land, and the sea – are allocated has always been and remains a major concern of humanity. In Australia, a combination of the mining boom and the global financial crisis is said to have caused a two-speed economy that saw some grow very rich while others became poorer.
Even more alarmingly, there exist companies who have designs on natural resources which everyone should have a fundamental right to – those resources needed for survival.
Continue reading “Should we have a basic income?”