Category: Economics

A Left Defense of Universal Basic Income

IN A WORLD in which fiscal policy becomes more complex with each passing administration, an alarmingly simple proposal like universal basic income brings all parties into a state of shock. At its core, UBI seeks to give citizens a periodic, no-strings-attached cash grant to do whatever they want. Whether you are rich or poor, from San Francisco or from Bakersfield, every so often you receive a check in the mail for a fixed amount directly from the government. You could spend it all in a one-night extravaganza or save it to buy the car you always wanted—you could even burn the money in a bonfire if you like (though I would not recommend doing so). The fundamental principle behind UBI is for citizens to choose what they want to do with their money, whatever that choice may be.

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How Stanford Hides Conflicts of Interest

THERANOS’ DOWNFALL was perhaps the first time that Stanford’s ties with Silicon Valley received some much-needed criticism—the company’s disgraced founder, its first board member, many of its employees, and a good deal of its prestige had all come from Stanford. The whole affair became a testament to the scale and importance of our community’s involvement with the corporate world, and it inspired the Sphere to take a closer look at Stanford’s ties to the biotech industry. But we didn’t just discover the scale of these ties: we found ourselves before an alarming lack of accountability when it comes to keeping research and financial interests separate.

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