Universal Basic Income Will Accelerate Innovation by Reducing Fears of Failure
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Re: Universal Basic Income Will Accelerate Innovation by Reducing Fears of Failure
#2Innovation is generally not accelerated by people that are comfortable/have all of their basic needs met. It's accelerated when you are put into a situation where you need to innovate or fail.
Failure is actually the stimuli and it pushes people to succeed more than anything.
Re: Universal Basic Income Will Accelerate Innovation by Reducing Fears of Failure
#3No, no it won't. Innovation is generally not accelerated by people that are comfortable/have all of their basic needs met. It's accelerated when you are put into a situation where you need to innovate or fail. Failure is actually the stimuli and it pushes people to succeed more than anything.
Really? We could certainly come up with stories of great innovation being done by uncomfortably poor people, but I bet if we came up with a list of 100 innovators, at least 80 of them would be from middle-class-plus homes and could almost surely have gotten any number of comfortable-enough jobs doing something un-innovative.
(Edit: which isn't at all to say that non-poor people are more innovative. Just that people who aren't in poverty are far more likely to have the chance for their innovativeness to have a broad public impact.)
Re: Universal Basic Income Will Accelerate Innovation by Reducing Fears of Failure
#4Re: Universal Basic Income Will Accelerate Innovation by Reducing Fears of Failure
#5No, no it won't. Innovation is generally not accelerated by people that are comfortable/have all of their basic needs met. It's accelerated when you are put into a situation where you need to innovate or fail. Failure is actually the stimuli and it pushes people to succeed more than anything.
A favorite saying of comparatively wealthy (or potentially wealthy) people, where "failure" means something on the order of "not being able to retire very comfortably by 40" or "not being able to make a high salary and do what I love for a living." Rather than "getting evicted", "never having decent health insurance", "being stuck in an $18 an hour job for the rest of my life because I felt too discouraged / stressed out / too scared of being in debt for the rest of my life to finish my college degree".
You know, heavy, real, life-choice-limiting and existence-threatening failure like that.
Seriously, the basic income proposal is a very complex topic, with many tradeoffs involved. You can't just deflate even a partial aspect of it (its effect on innovation, for example) with a cute little pinprick like that.
Re: Universal Basic Income Will Accelerate Innovation by Reducing Fears of Failure
#6I don't think the person understands that basic income doesn't mean resources are infinite, resource are still finite, miserably finite
Re: Universal Basic Income Will Accelerate Innovation by Reducing Fears of Failure
#7No, no it won't. Innovation is generally not accelerated by people that are comfortable/have all of their basic needs met. It's accelerated when you are put into a situation where you need to innovate or fail. Failure is actually the stimuli and it pushes people to succeed more than anything.
Innovation is generally not accelerated by people that are comfortable/have all of their basic needs met. Really? We could certainly come up with stories of great innovation being done by uncomfortably poor people, but I bet if we came up with a list of 100 innovators, at least 80 of them would be from middle-class-plus homes and could almost surely have gotten any number of comfortable-enough jobs doing something un…
Example: The French artisans, the middle class of their time, created wonderful toys for the gentry but almost none of their wonderfully intricate work had any impact on the Industrial Revolution in Britain, while a handful of illiterate working class types turned the Roman water wheel on its side and massively improved mechanical power production.
Their work would have been seen as obscene by the artisans but it was fundamentally more important.
There is a wonderful 1973 documentary by Jacob Bronowski on this topic:
http://www.dailymotion.com/video/x206z0e_bbc-ascent-of-man-0...
Anybody can be 'possessed' by an idea, but it is clear that Silicon Valley has too many smart and well educated people wasting their time on trifles, their choices significantly retard what ought to be natural advantages.
Most important thing anyone can do is to choose their environment carefully e.g. having the right mentor, role models, choosing the right problem.
Re: Universal Basic Income Will Accelerate Innovation by Reducing Fears of Failure
#8I don't think the person understands that basic income doesn't mean resources are infinite, resource are still finite, miserably finite
Actually, this is something that academic proponents of Basic Income have thought quite a lot about (and analyzed quite exhaustively). While it may seem counterintuitive at first, t's definitely not some kind of perpetual motion machine, or "something for nothing" scheme
Re: Universal Basic Income Will Accelerate Innovation by Reducing Fears of Failure
#9Earlier quoted context omitted.
Actually, this is something that academic proponents of Basic Income have thought quite a lot about (and analyzed quite exhaustively). While it may seem counterintuitive at first, t's definitely not some kind of perpetual motion machine, or "something for nothing" scheme
Out of curiosity, these proponents who say they've analyzed it through and through and think the theory is sound, their assumptions don't include rational players, do they?
Re: Universal Basic Income Will Accelerate Innovation by Reducing Fears of Failure
#10Earlier quoted context omitted.
Out of curiosity, these proponents who say they've analyzed it through and through and think the theory is sound, their assumptions don't include rational players, do they?
You can go around thinking contentedly to yourself that basic income advocates are total idiots (and that those on the academic side, in particular, are outright frauds, and functionally illiterate in the field that they claim to have gotten their advanced degrees in) if you want to. But I might recommend doing some basic research on the topic, instead.