Universal Basic Dividend: A path to economic justice with Sarath Davala, Ken Webster and Till Kellerhoff

As the world faces increasing inequality and environmental degradation, the Universal Basic Dividend (UBD) emerges as a promising idea for a more equitable and sustainable economic system. UBD proposes that the wealth generated from our shared resources, such as land, air and water, should benefit everyone, not just a few. 

In this episode, Till Kellerhoff is joined by Ken Webster and Sarath Davala to explore the transformative potential of UBD. They discuss the ethical justification for sharing the commons, examine the challenges of implementing UBD and consider how UBD could help transition to a regenerative economy.  

Tune in for a thought-provoking conversation on how UBD could pave the way for a fairer and more sustainable future. 

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Full transcript:

Till: (0:00) Welcome to the Club of Rome podcast today on the Universal Basic Dividend. My name is Till Kellerhoff. I am Program Director at the Club of Rome and Program Lead of the Earth for All Initiative. We have two great guests today, and I'm very pleased to welcome Ken Webster, who is a visiting professor at Cranfield University, fellow at the Cambridge University Institute for Sustainable Leadership, contributing author of the latest report to the Club of Rome, Earth for All, A Survival Guide for Humanity, and lead author of three Earth For All deep dive papers on universal basic dividend. Welcome Ken. And we have with us today Sarath Davala, who is an Indian sociologist and president of the Basic Income Earth Network, amongst many, many other things, he co authored the book, Basic Income, A Transformative Policy for India. And he's also a contributing author to the Earth for All deep dive paper, unconditional cash transfers and t he five turnarounds, beneficiaries perspectives. Welcome Sarath. Let's dive, dive right into the topic universal basic dividend. And Ken, let's, let's start with you. I think many people have heard the expression universal basic income in the last years. It has been a prominent discussion, basically described as a regular cash payment to all members of a community without any conditions. Today we speak about the universal basic dividend. Maybe you can start explaining in a few words what what that is, and how it relates to the concept of the universal basic income many listeners will be familiar with. 

Ken: (1:42)  Okay, thank you Till. The universal basic dividend is really a kind of basic income, because it is an unconditional cash transfer. It is regular, and it is, if you like, an obligation towards the fellow members of our communities. But the basic dividend differs in the use of the word dividend, rather than just income, and the dividend is a reward, if you like, for owning something, or co-owning something, or having a share of something. Now a basic dividend is connected to common resources. It might be the atmosphere, it might be the ocean, it might be forests, it might be the local Tool Lending Library. These are commons. These are resources which people can access and also as part of a community manage so the basic dividend is a reward, or a share of a reward, for resources which have been captured, enclosed is generally the word people use, and it's an ethical obligation to give people a share of these surpluses. In the economic language it's called economic rents. These are surpluses which are not required to keep the business going. So if some of our shared heritage has been captured, the idea is part of the gains from that should be put into a fund, and the benefits of the fund should feed back to everyone in the community, either nationally or in the grand scheme of things, globally, 

Till: (3:23) Super thank you, Ken. And we will dive a bit deeper into the practicalities of all of that. And Sarath, you have worked for many, many years on the universal basic income and ideas around that, and we know that there are many, many different concepts on how