There are, to my mind, two big changes to the economy needed in order to make most people's lives better as well as put a significant dent in our environmental crises. The first is to eliminate or drastically curtail the power and role of corporations. The second is to institute a universal basic income.
Regarding the latter: there are a number of natural objections that leap to mind. Most notably two: it would be so expensive that it would not be feasible, and it would leave everybody with no incentive to work.
Along with other advocates of a universal basic income, I think these intuitively plausible objections are incorrect, and that we will see empirical proof of that as more studies (or actual implementations, if they come) are put into effect. The video below discusses what the speaker believes to be the first good, reliable study of a universal basic income and how the results counteract these intuitive "myths".
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