Friday, September 2, 2011

Eric Fromm on Guaranteed Income

"The fact is that most men are still geared psychologically to the economic facts of scarcity, when the industrial world is in the process of entering a new era of economic abundance. But because of this psychological ‘lag’ many people cannot even understand new ideas presented in the concept of a guaranteed income, because traditional ideas are usually determined by feelings that originated in previous forms of social existence." --Eric Fromm, The Psychological Aspects of the Guaranteed Income, a chapter in the book 'The Guaranteed Income' edited by Robert Theobald, 1967