Basic Income, Stakeholder Grants, and Class Analysis

Erik Olin Wright

Politics & Society, 2004, vol. 32, issue 1, 79-87

Abstract: Both Basic Income and Stakeholder Grants, if sufficiently generous, are likely to have an impact on the balance of power between classes: Stakeholder Grants make it easier for individuals to become self-employed and “own their own means of production,†thus reducing their dependency on capitalists; by unconditionally guaranteeing each individual an above-poverty standard of living, a generous Basic Income gives every worker an exit-option from the labor market, thus also reducing their dependence on capitalists. Of the two proposals, however, Basic Income is likely to have the more profound effect on relative class power for several reasons: many people will “blow†their stakes either through bad luck or waste; basic income increases the possibility of engaging in decommodified, nonmarket activity, thus expanding the sphere of economic practices outside of capitalism; basic income increases the capacity of collective struggle by providing a guaranteed strike fund for workers.

Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:sae:polsoc:v:32:y:2004:i:1:p:79-87

DOI: 10.1177/0032329203261099

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