Andrew Yang’s Freedom Dividend Extracts Positive Essence From Capitalism & Socialism
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Capitalism vs Socialism: Income inequality is on the rise, and brings a number of problems with it. Mark Cuban, an American businessman, billionaire, and investor, says in a Fox interview that capitalism needs more compassion, while Andrew Yang talks about his plan for human-centered capitalism (capitalism +) during his 2020 democratic presidential campaign. As our society evolves, there is need to update and more clearly understand how terminologies such as “capitalism” and “socialism” really represent.
Making videos require a lot of time and resources (licensing and software for bigger projects is expensive), and without support the channel below “Savvy Progress” will struggle to make an impact. Please consider supporting the channel with a few dollars, if you appreciate the work that goes into this project, in the video “Mark Cuban and Andrew Yang On The Path Forward“, below:
As indicated in the video above, our definition for these two systems (capitalism and socialism) need to be updated. In the USA, we are living under a system that is not purely capitalistic, with our social security and unemployment benefits being very much from concept of socialism, whereas China is no longer purely a system of socialism, with incubator enterprises and competitions that are definitely from the framework of capitalism. There is not a single nation on this planet earth, at this point in time, is purely capitalistic or purely socialistic.
What Andrew Yang has proposed, the Freedom Dividend (aka Universal Basic Income) supports a capitalistic system where every one’s base salary is $1000 per month rather than $0 per month. This is a concept that needs to be clarified. In essence, Freedom Dividend (aka Universal Basic Income) meets the recommendation for compassion by Mark Cuban while helping to generate more economic activities, creativity, and entrepreneurship for our society. It is extracting the positive essence from both ideologies to strengthen and best prepare our society for an AI (artificial intelligence) future.
Gathered, written, and posted by Windermere Sun-Susan Sun Nunamaker More about the community at www.WindermereSun.com
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