[...] we know from the analysis of the circulation of capital that a great deal of appropriation of value through predation occurs at the point of realisation. Increasing the minimum wage or creating a basic income will amount to naught if hedge funds buy up foreclosed houses and pharmaceutical patents and raised prices (in some cases astronomically) to line their own pockets out of the increased effective demand exercised by the population. Increasing college tuitions, usurious interest rates on credit cards, all sorts of hidden charges on telephone bills and medical insurance could steal away all the benefits. A population might be better served by strict regulatory intervention to control these living expenses, to limit the vast amount of wealth appropriation occurring at the point of realisation. [...]
he goes on to say that it's not a surprise that VCs support UBI, cus otherwise there'll be no demand for their products etc
which raises a deeper question: in such a world, where you have to jump through hoops to ensure that money circulates as a way of distributing goods, why stick to money? to think about more