I was shocked by the "magic of markets" analysis. When there's no more bread, people make more bread ? Nope, bread becomes more expensive. Especially with automation : it's harder for new baker to start in the market, so those in the market get more powerful. That's concentration.
Basic income will make less poor but more slaves. Slaves that will be dependent on those (I assume it's the state) who define the exact amount of that uncondional income. Since a huge part of the population will be out of the "producer", thus the producer will have more power.
What must be done instead is to make sure power doesn't get concentrated. But this means less efficiency : one big optimised company is surely more efficient that ten smaller ones. With less power, the workforce can still negociate, the workforce can still share the remaining work, those who have no job still have a chance to get one if they want/need to. With basic income, there's no need to do that anymore...
So I don't like that basic income.
For example, there's a lot of unemployment in my country. People gets some allowance to live. The problem is that the lack of work is not acknowledged => those people are stigmatized. Anyway, they do get an allowance, kind of your basic income. The problem is that because of the unemployment, the employer are in a very strong position to pay people less (since many do want/need a job). So work valuation diminishes...
Competition is the problem, if companies would compete less, then basic income could work. There would be more space for choice : do I work or not ? can I share my work ?
Basic income means : let's detach ourselves from the consequences of competition.