Universal Basic Income (UBI) is often praised for its immediate financial support, but true human fulfilment comes from building strong relationships and actively engaging in community life. For instance, while financial security is important, it should not overshadow the need to do meaningful things for yourself, your community, and society.
Making pizza is a great example of this. A pizza that we make from scratch – first kneading the dough, spreading a thick tomato sauce, slicing cheese and other favorite ingredients, and finally sprinkling oregano on top – is oftentimes much tastier than a pizza that a courier delivers to your door. The effort and skill involved make the experience more satisfying and meaningful.
While some see UBI as a solution to economic inequality and the various drawbacks attributed to capitalism, others view it as an existential threat to human freedom. What insights could psychology provide?
In this podcast series, Lithuanian Free Market Institute offers a deep dive into the questions surrounding UBI. In this episode, Clay Routledge, PhD, Vice President of Research and Director of the Human Flourishing Lab at the Archbridge Institute, and Augminas Petronis, an associated expert at the Lithuanian Free Market Institute, go beyond the usual clichés to discuss various questions related to UBI and its possible psychological impact. This is the first episode.
Study on Scarcity by the Lithuanian Free Market Institute (LFMI)
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