If you think ubi is just welfare, youre misunderstanding it. For someone who now depends on welfare, it would like mean a similar income but without any of the beurocracy, shame, expectations or requirements. For everyone else its a safety net that means they choose to work and what they do. No more working by necessity. However for a nicer lifestyle work would be required.

It will lead to inflation quite quickly immediately due to supply and demand. That should instantly devalue capital assets, in real terms. It should restructure our labour markets. Currently many at the lower end of the pay scale only work by necessity to get the bare minimum. They work long hours at low pay to make ends meet. When their basic needs are met, they won't need to work such long hours. So what will happen when millions of cleaners suddenly cut the amount of hours they work? We will pay them more per hour to make it worth their while. What about all those people who are unproductive at work and useless at their job. Well, we can fire them, of they bother to continue working as with a ubi, we don't need the same worker protections. All industries will be dominated by those that wish to work in them and are productice..what about child care? People will choose to work a schedule that works for them and their family. We will have less need for childcare workers.

Our big issue will be having medical personnel and aged care workers, bit again we might find we have more productive, caring workers staying.

So, yes,. Its like welfare in that its a social safety net. Its the universality that makes the difference. It wouldn't be thenrivh giving it. It would be society telling them part of their wealth belongs to all and distributing it as such.

I hate to break it to you, but Norway practiced capitalism. They just have some of those controls I mentioned. Their biggest reason for wealth is oil reserves, which is state owned and there is a fund used for citizens ratherbthan private interests. Capitalism has allowed their people tonprosper in a way the average person in a similar middle eastern country does not.

You mention Cuban life exoecrancy being high, despite income being much lower. Cuba has excellent healthcare. However, look at their poverty rates. That same healthcare does not function without the research and equipment that cones from capitalist systems. That's not to saynthere is not excellent research coming from Cuba. There is. However, the level of productivity in their economy does not support the same level of research and equipment manufacturing that occurs in the capitalist west.

We had a recent pandemic. Which vacxine do we use?The western ones. The Chinese and Russian ones have been found lacking. They did excellent research but they don't have the same capacity for research and testing.

Infant mortality has been dropping worldwide I've the last century, based mainly on nutrition and health information. This was led by western countries practicing capitalism. Many in western Europe, that have social programs, as part of capitalism. That's the point, nobody should follow pure capitalism, but rather use it as a tool to increase productivity and use other methods to channel that increased productivity to more peoples benefit.