The Case for Basic Income - Guy Standing

00:00 // Introduction 02:54 // What is Basic Income? 06:11 // The Ethical Case 23:31 // The Economic and Political Case 30:37 // The Objections and Responses 33:25 // Conclusion Watch the Q&A session here:    • Q&A: The Case for Basic Income  - Guy Stan...   This lecture puts forth the ethical and economic case for a basic income, enabling financial security and therefore a better quality of life for all. Financial insecurity affects one’s ability to make rational decisions – studies show it even lowers short-term IQ – making it even harder to improve one’s circumstances in the long run. Furthermore, unlike means-tested social assistance schemes like Universal Credit, a basic income does not involve a severe ‘poverty trap’ and thus, contrary to critics, increases the incentive to take low-paying jobs. This lecture includes findings from a series of BI pilots across the world which Dr Standing has been involved in. This lecture was recorded by Guy Standing on 19th March 2025 at Barnard's Inn Hall, London. Guy Standing is a Professorial Research Associate and former Professor of Development Studies at SOAS University of London. From August 2006 until January 2013, he was Professor of Economic Security at the University of Bath in the UK. Between April 2006 and February 2009, he was also Professor of Labour Economics at Monash University, Melbourne, Australia. He has written and edited books on labour economics, labour market policy, unemployment, labour market flexibility, structural adjustment policies, social protection policy, rentier capitalism and its predations, and the need to revive the commons. His most recent books are The Politics of Time: Gaining Control in the Age of Uncertainty (2023), The Blue Commons: Rescuing the Economy of the Sea (2022), Battling Eight Giants: Basic Income Now (2020) and Plunder of the Commons: A Manifesto for Sharing Public Wealth (2019). The transcript of the lecture is available from the Gresham College website: https://www.gresham.ac.uk/watch-now/c... Gresham College has offered free public lectures for over 400 years, thanks to the generosity of our supporters. There are currently over 2,500 lectures free to access. We believe that everyone should have the opportunity to learn from some of the greatest minds. To support Gresham College's mission, please consider making a donation: https://www.gresham.ac.uk/get-involve... Website: https://gresham.ac.uk X: https://x.com/GreshamCollege Facebook:   / greshamcollege   Instagram:   / greshamcollege   Bluesky: https://bsky.app/profile/greshamcolle... TikTok:   / greshamcollege   Support Us: https://www.gresham.ac.uk/get-involve...