Peter Rhodes on free wages, Tel Aviv and Auntie's guidance from Gary

When AI (Artificial Intelligence) takes over jobs once done by humans, what becomes of the humans? A kind and visionary solution comes from Geoffrey Hinton, former vice-president of Google, who suggests a universal basic income. In other words, people made jobless by AI would be paid by the state not to work.

Some time ago we might have viewed this as the economics of the mad house. But the more we see of global finance, the more we realise that public money is not like real money. Massive debts are the norm and a government that says it can't afford more nurses can suddenly find a few billions to wage war. The magic money tree is thriving.