Question is... are banks the best intermediary for determining who is capable of creating value? Perhaps in traditional established commercial lending, but would challenge its efficiency on newer orgs.
One benefit of basic income would be that consumption is about as close to market driven as it gets. So naturally the money would flow to companies providing value to individuals based on their needs.
I've been considering this very concept as well, and while don't claim to understand all of the ramifications behind it, I would love to hear experts discuss SWOT.
My mental model always breaks down when considering international impacts to such a strategy. Currency, trade, and capital investment shifts.
One benefit of basic income would be that consumption is about as close to market driven as it gets. So naturally the money would flow to companies providing value to individuals based on their needs.