meta_pixel
Tapesearch Logo
Log in
Upstream

Documentary #7: Universal Basic Income Pt. 2 – A Bridge Towards Post-Capitalism?

Upstream

Upstream

Politics, News, Society & Culture

4.92.1K Ratings

🗓️ 25 September 2017

⏱️ 58 minutes

🧾️ Download transcript

Summary

It has been said that it's easier to imagine the end of the world than to imagine the end of capitalism. That might have been true a decade ago, but today, the end of capitalism is becoming more and more plausible — at times it feels inevitable. In fact, at least half of Americans think that capitalism is a fundamentally unfair system, and over a third have a positive view of socialism. These numbers are rather strange for a society where just uttering the word "socialist" in public a generation ago could cost you your job or get you onto some government list. And when you look at younger generations, it gets even more interesting. A Harvard University survey showed that the majority of millennials do not support capitalism. And in the United Kingdom, similar surveys have found that people are more likely to have an unfavorable view of capitalism than of socialism.

More and more people are falling out of love with capitalism. And is it really all that surprising? Capitalism has failed to achieve most of its promises and many are now beginning to dream about what a different, better world might look like. Well, in this second episode of our 2-part series on Universal Basic Income (UBI), we'll explore what role UBI might have in transitioning to that different world. There is an exciting and lively debate taking place among the left right now exploring whether Universal Basic Income would do more to dismantle capitalism or, rather, to prop it up and help to keep it going. For this episode, we've assembled another all-star cast of economists, journalists, and authors, and asked them to share their perspectives and to envision what the long-term societal effects of giving everyone a Universal Basic Income might look like.

Would a progressive UBI act as simply another form of welfare, temporarily propping up a fundamentally flawed system, and just serving as another concession to eventually be eroded and gutted by the capitalist class? Or could it be more than that — could it actually fundamentally challenge the current capitalist system and help to dismantle it? We explore these questions — and many more — in this final episode of our 2-part exploration of Universal Basic Income.

Featuring: Erik Olin Wright - Marxist scholar and sociology professor at the University of Wisconsin, Madison Kathi Weeks - Marxist-feminist scholar, associate professor of Women's Studies at Duke University and author of 'The Problem with Work: Feminism, Marxism, Antiwork Politics, and Postwork Imaginaries' Matt Bruenig - Writer, researcher, and founder of the People's Policy Project Richard Wolff - Marxist economist, economics professor Emeritus University of Massachusetts, Amherst, Founder of Democracy at Work, and host of the weekly radio show Economic Update Doug Henwood - Journalist, economic analyst, and writer whose work has been featured in Harper's, Jacobin Magazine, and The Nation Martin Kirk - Co-founder and Director of Strategy at The Rules Rutger Bregman - Journalist and author of 'Utopia for Realists: The Case for a Universal Basic Income, Open Borders and a 15-hour Workweek' Manda Scott - Novelist, columnist, and broadcaster Juliana Bidadanure - Assistant professor in political philosophy at Stanford University Sofa Gradin - Political Organizer and Lecturer in Politics and International Relations at Queen Mary University of London

Music: American Football, J. T. Harechmak, Pele

Many thanks to Benjamin Henderson for the cover art. 

This episode of Upstream was made possible with support from listeners like you. Upstream is a labor of love — we couldn't keep this project going without the generosity of our listeners and fans. Please consider chipping in a one-time or recurring donation at www.upstreampodcast.org/support

If your organization wants to sponsor one of our upcoming documentaries, we have a number of sponsorship packages available. Find out more at upstreampodcast.org/sponsorship

For more from Upstream, visit www.upstreampodcast.org and follow us on TwitterInstagram, Facebook, and Bluesky.

You can also subscribe to us on Apple Podcasts, Spotify, or wherever you listen to your favorite podcasts.

Transcript

Click on a timestamp to play from that location

0:00.0

Oh. You are listening to Upstream. Upstream. Upstream. Upstream. Upstream.

0:26.8

A radio documentary series that invites you to unlearn everything you thought you knew about economics. I'm Dela Duncan and I'm

0:35.4

Robert Raymond. Join us as we journey upstream to the heart of our economic system

0:41.0

and discover cutting edge stories of game-changing solutions

0:45.4

based on connection, resilience and prosperity for all. I have a follow-up question so this is a little bit more of an abstract question.

1:03.7

Looking at the long run, long term effects of universal basic income.

1:10.9

Do you think that it could move humanity from our current capitalist system to some kind of new system,

1:20.0

post-capitalism, let's call it?

1:22.0

I think it would be a step in the direction. post-capitalism, let's call it.

1:22.8

I think it would be a step in the direction of accelerating capitalism to its inevitable end.

1:30.6

But it still is implying capital because you're working with money and an income.

1:35.0

But capitalism is relating to the accumulation of money.

1:39.0

A better question is, if we're in that zone already and we're looking back at the history book and we're like what turn the tide to make this thing happen?

1:49.0

I think it would be seen as one of the parts.

1:52.0

It won't be the turning point, but it'll be one of many

1:55.4

turning points like any vector image. One of the straws on the camels back.

2:01.0

Yeah, the capitalist camels. Yes. What's your name?

2:08.0

Crystal Loree. I think if it's done well, it really I think change the economy and the way we think about things

2:17.0

There are already a lot of things that are being done new

2:20.6

initiatives that are challenging the the capitalist way of doing things and I think

2:25.6

that this would definitely contribute to busting that system. That was Robert on the streets of San Francisco asking people our big question for this episode.

2:48.0

Could Universal Basic Income be a bridge towards a post-capitalist future.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Upstream, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Upstream and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.