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A comment on The latest experiment in basic income will be coming to Stockton, California. Parent comment

Re:The latest experiment in basic income will be coming to S... by Density on Thursday October 19, 2017 @06:07PM (#15511945)
Jesus Christ this is a really thought provoking image of capitalism at the limit.
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Re:The latest experiment in basic income will be coming to S... by pizza on Thursday October 19, 2017 @10:53PM (#15513246)
i think it's basically why the black death raised wages for its survivors
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Re:The latest experiment in basic income will be coming to S... by dredmorbius on Friday October 20, 2017 @07:54AM (#15515026)
The observation of several economists, at least under a Malthusian Trap scenario, is "vice is virtue, virtue is vice".

That is, bad news (famine, war, plauge, natural disaster) ultimately reduces populations and increases living standards. Good news (peace, prosperity, plenty) increases populations and pushes them up against carrying capacity.

Cf, Gregory Clark, A Farewell to Alms, though I believe it's pretty common.

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