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" Most existing national capital funds have been built up from royalties from oil and other minerals. They need not be limited that way. Most are anything but democratic. That could be changed. "

Guy Standing

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" The primary value of a basic income would be its emancipatory effect. "

" Politicians seem desperate to appeal to their respective versions of the so called 'middle class,' unable to empathise with the precariat and eager to dream up fresh and tougher sanctions against society's wounded. "

" What we can say with confidence is that the technological revolution is worsening inequality, due mostly to mechanisms that limit free markets. It is also bringing about disruptive change that is intensifying insecurity and may indeed lead to large-scale labor displacement. "

" Sanctions and workfare make it easier for employers to impose insecure practices on desperate people. "

" Every time a government minister or spokesman lauds Magna Carta, let us boo or hiss. Shame them. And let us celebrate what it really means to our history: the ability of an emerging class to make demands against the state for new liberties and rights. "

" What we need is a slow time movement to gain control over time and an overhaul of work statistics to give a better perspective on all the work being done and how much of it is undesirable, unnecessary, and demeaning. "

" Workfare will merely accentuate the growth of the low-paying, insecure labour market. "

" Across Europe, not just in the U.K., the old Beveridge and Bismarckian variants of the welfare state have been dismantled. In their place has been erected a mish-mash of means-tested, behaviour-tested social assistance, with a growing tendency to force young unemployed into workfare schemes, which are helping to depress real wages. "

" Think of a public library, worth more for those who cannot afford numerous books. Think of a public waterway or fishing ground. All types of commons have imputed monetary value that together comprise a source of social income. As such, the commons reduces economic inequality and insecurity in society. "

" The IP system is an artificial construct that excessively rewards owners of intellectual property, granting them monopolies over inventions and ideas that, in many cases, are the product of generations of thinkers and/or publicly funded research. "

" A democratically governed national fracking fund should be set up, perhaps similar to what Norway and Alaska have. Areas of drilling should be rented to companies through public tender, with or without subsidies, and a rising share of profits beyond a negotiated upper limit should be deposited in the national capital fund. "

" What distinguishes a commons is that it is not private property, does not have a price, and is oriented towards 'use value' rather than 'exchange value.' It does not exist to generate profits. "

" Many low-income people in the U.S.A. charged with a crime opt to plead guilty to a lesser offence because they cannot afford to go to trial. "

Guy Standing

Because

Crime

" Globalisation, technological change, and the move to flexible labour markets has channelled more and more income to rentiers - those owning financial, physical, or so-called intellectual property - while real wages stagnate. "

" The precariat faces chronic uncertainty about what to do, about what incomes to expect, about state benefits that might be their due, about their relationships, their homes, and about the occupations they can realistically expect. "

" We are in an era of chronic insecurity and growing inequalities. In that context, we need to have new mechanisms for income distribution which give people a sense of security. "

" In 1936, John Maynard Keynes predicted the 'euthanasia of the rentier' before the end of the 20th century. It did not happen. "

" The precariat consists of a growing proportion of our total society. It is being habituated to accept a life of unstable labour and unstable living. Often they're unable to say what their occupation is, because what they're doing now might be quite different from what they were doing three months ago. "

" I don't see basic income as a panacea, but we must have a new income distribution system. The old one has broken down irretrievably. "

" People want to work, but they don't want to necessarily want to do labour. "

" If you're healthier, you tend to have a lower demand for health services. "

" Chronic insecurity will not be overcome by minimum wage laws, tax credits, means-tested benefits, or workfare. "

" Capital is taxed much less than labour; subsidies going to capital, the rich, and middle-income earners greatly exceed the benefits going to the precariat and underclass. "

" If schooling becomes little more than preparation for the job market and consumption, it cannot produce socially responsible and altruistic citizens. "

Guy Standing

Preparation

Responsible

" Using political power, the elite can induce local authorities to facilitate enclosure and privatisation of land, water, and other hitherto public amenities. And they can pressurise public administrations to cut taxes, reducing financial resources for maintaining the remaining commons. "

" People in the precariat find themselves in the situation where the level of their education and qualifications is almost always higher than the sort of labour that they're going to be able to obtain. "

" Twentieth-century welfare state capitalism was historically unique in that national income was split between wages and profits, labour and capital. "

" Nobody should be allowed to fund political parties unless they pay at least 30% tax on all income above the median wage. If that rule applied, the Tory party would be bankrupted overnight. "

" Politicians should reflect on the well-documented fact that fearful, insecure people lose their sense of tolerance and altruism. "

" The precariat has been losing cultural rights in that those in it feel they cannot and do not belong to any community that gives them secure identity or a sense of solidarity and reciprocity, of mutual support. "