seosamh77 – Member
Not having to work for things that are considered essentials for life. if you want the bells and whistles you can still go out to work. No-one would be stopping you. It’s about say right, here’s what a human need to have a basic standard of living (what those things are are up for debate), lets make those a basic human needs become a human right, ie you don’t need to sell you self just to exist.
If you want the latest tech, bike, to spent every night down the pub, you go out and work for it.
The capitalist system would still be in place. just some things would be exempt from that system.
Right, but all that happens is companies raise the prices to what the market will tolerate. Rolex have been the masters at doing this for years – they know exactly what their target market will pay for their brand, and as the upper-middle class has gotten richer, their watches have risen in relative price. (Despite Rolex introducing more automated manufacturing in their watches, with the costs per-watch getting “cheaper” as a result)
The same will happen in your scenario. If someone works for a month and get’s £1000 of which they can spend fully on exactly what they want, suddenly a pair of nice shoes costs £1000. It’s only a months work right? How badly do you want those shoes?
Santa Cruz would still go the high end market, so suddenly a Santa Cruz bike costs £200k because thats what the high end target market can afford now their living costs are £0.
So you’ve ended up working the same amount of time to save up for the same thing.
And don’t even begin to think that companies wont raise their prices to meet what the market can afford – because that’s one of the core concepts of capitalism.