Corona virus gives us a chance to introduce basic income/service guarantee and more

Gail Tveberg’s latest article on the Corona Virus Convid19 lays out its likely effects on not just health but on our way of life. We are likely to see the complete failure of health services, the economy, our just-in-time production systems, welfare, education and food production.

The globalised economy, relying on specialization, optimization, financialization and all the other wonders of the 20 th century are actually ways of creating scarcity and vulnerability not to mention imbalances in equality. This understanding emerged over twelve years ago as thinkers like Gail started to consider the possibility that oil production would peak and this energy-dependent way of life would be unable to adapt to lower energy inputs.

We do not need to be pessimistic however. This is a great chance to put right what was wrong with the extractive industry approach of the 20th century and create something better. We created the problem and so we can fix it.

We need to call an emergency and start to work our way out of it. Not only do we need to limit travel and put people in quarantine as necessary but we also need to re-engineer the economy to take care of people’s real needs first.

There are many ideas out there how to do this. Basic Income/Services is one. If we do not respond, however, the risk is multiple failures including bread-basket failure.

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