Capital de TokensThe Closed Loop: Your Basic Income Ends Up Back in Big Tech's Hands
Watch on YouTube They prefer the direct cash subsidy because it keeps the population as consumers of their services. Of course. If you have a basic income, you still need to pay for software subscriptions, internet access, and AI services to live in modern society. The flow of money goes from the artificial intellig
They prefer the direct cash subsidy because it keeps the population as consumers of their services. Of course. If you have a basic income, you still need to pay for software subscriptions, internet access, and AI services to live in modern society. The flow of money goes from the artificial intelligence company to the government through taxes, from the government to the citizen as a subsidy, and from the citizen back to the artificial intelligence company to pay for its products. It’s a closed loop in which capital never leaves the control of the technology sector. And where the citizen loses any kind of bargaining power in the labor market, because they are no longer a necessary worker—they are just a subsidized consumer.
Full episode: https://youtu.be/bvUkxRTGMGo
🤖 AI-generated content: the script, voices, and images in this episode were produced using artificial intelligence tools.
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