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The Future of Automation, AI, and Universal Basic Income with InfoQ Founder Floyd Marinescu

Floyd Marinescu is the founder of InfoQ, and he is passionate about creating opportunities for everybody to become the entrepreneurs they want to be.

Floyd believes that Universal Basic Income (UBI) will be the next step in not only making basic necessities more readily available but will help in cultivating more ideas and increase people's willingness to invent and take risks.

We hope you enjoy this show and apply what you learn to your own life.

The Future of Automation, AI, and Universal Basic Income with InfoQ Founder Floyd Marinescu

Time Stamped Show Notes:

[1:22] Floyd’s Tech Conference

[2:00] Be on the path of learning and meditation.

[2:29] Common thread of Floyd’s technology and learning interests

[3:08] The community

[3:40] Universal Basic Income (UBI)

[4:28] Floyd’s community has found harmony and consensus.

[6:24] Deciphering the DISC test

[6:58] Management aspect is geared toward those who are a high C.

[7:14] Roles for those of the operational nature

[7:50] Team sizes can affect use of DISC.

[11:14] The three horizons of innovation

[14:04] Differences in partners is sometimes key to success.

[15:57] UBI

[17:50] A vision of the economy through Floyd’s eyes

[21:12] Inflammation in an UBI

[24:36] Net cost vs. gross cost in UBI

[26:18] UBI in smaller governments

[26:59] Taxing collectively owned resources

[30:44] Fear has a power in economy.

[31:16] Consistent unfair proportion of wealth is dangerous.

[32:46] Doom is coming?

[34:00] Hiring because you can and should

[35:58] The vector for helping humanity in UBI

[36:02] Long-term perspective

[37:20] No fear results in more humanity.

[39:20] Payed for unpaid work

[40:16] Civic collective duty

[42:28] Gig-economy

[43:00] The precariat

[46:43] Pilots for based income

[50:17] Freedom with having money

[51:00] Not worshipping money

[53:23] The perverse incentives

[55:08] Fraud in welfare and insurance

[56:03] Perverse politics

[57:20] Perverse Monopoly

[57:50] Garden economy

[59:03] Unfair

[59:53] A start-up

[1:01:04] Pure capitalism during Red Scare

[1:02:22] Feeding and clothing the world by choice

[1:03:30] Be okay with tax.

[1:04:10] Sharing is caring.

Three key points:

  1. Variety in a company’s leadership is crucial. According to your business model and niche, you need to mix up your executives' strengths and weaknesses.
  2. Universal Basic Income (UBI)
  3. We are able to help the world if we choose. We create abundance but choose to limit it and hinder from giving it to the masses.

Resources Mentioned

http://infoq.com

The Three Horizons of Innovation

The LEAN Startup – Book

Principles by Ray Dalio

Why capitalism needs socialism?

http://economicsecurityproject.org/

http://basicincome.org

Last question:

Like what Floyd had to say about Universal Basic Income? You can learn more about it and what it could mean for society as a whole at http://economicsecurityproject.org/ or http://basedincome.org. If you have any interest in helping fund or support this amazing project, you can find out how at both of those websites.