Consider this radical thought: the purpose of an economic system is to effectively deliver the 'work that needs to be done' in a society to the people in that society who needs jobs.

As a U.S. citizen from New York, I will use an example: the South Bronx.

No one disputes that the area needs housing, schools and hospitals. The census tells us that region is flooded with citizens that cannot find jobs.

Work to be done. People desiring to work.

A successful economic system would put those people to work rebuilding their community.

There is, however, little or no profit in organizing labor that constructs public housing, public infrastructure, and public education and healthcare facilities. When profit becomes the sole economic force, as it is in Washington Consensus Capitalism, society's 'work' is not delivered to society's workers.

Three miles south of the Bronx on Wall Street and three miles Northeast in Greenwich, financial wizards crunch financial formulas fed by Hedge fund fortunes held by .01 percent of the population.

Basic income merely pacifies the underclass while elites gorge on capital. It does not build society.