About a decade ago Guy Standing popularised a new concept: 'the precariat'. Having now lost any connotation of novelty, it expresses all too well the condition of chronic economic insecurity and the growing anger of the new global social underclass. As the Covid-19 crisis is making clear, new responses to age old economic questions are on the table. As more and more countries start to look at basic income as a way out of recession Guy Standing examines the prospects for extraordinary change in extraordinary times.
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Guy Standing is an outspoken economist, whose studies concentrate on the global socio-economic processes, and precarization in particular. Standing is one of the main advocates of unconditional basic income (a sum of money paid to every citizen regardless of their social and labor status). He is the author of the book The Precariat: The New Dangerous Class.