Basic Capital in the Egalitarian Toolkit?
Under a basic capital grant policy (BC), every citizen receives a large capital grant as a right, typically in their early adulthood. Is BC part of the institutional framework of a just economy? Starting from John Rawls’s discussion of just economic systems, the paper clarifies Rawls’s reasons for t...
| Main Author: | |
|---|---|
| Format: | Journal article |
| Published: |
Wiley
2015
|
| Summary: | Under a basic capital grant policy (BC), every citizen receives a large capital grant as a right, typically in their early adulthood. Is BC part of the institutional framework of a just economy? Starting from John Rawls’s discussion of just economic systems, the paper clarifies Rawls’s reasons for thinking we need to complement welfare state policies with property-owning democracy and/or liberal socialist policies. It then seeks to clarify the grounds specifically for BC as a particular policy of the property-owning democracy type, and considers in depth what it adds to a policy of basic income (a uniform, universal and unconditional income grant paid to all, possibly in some part as a share of the return on publicly-owned wealth). |
|---|