Telekom CEO Backs Basic Income to Safeguard Social Stability
Industrialized nations should adopt a basic income in response to job losses and social disruption caused by digitalization, the chief executive of Deutsche Telekom told Handelsblatt.
“All of us have to provide for stability and social cohesion, fundamentally and in principle,” Timotheus Höttges said in an interview, “[…] otherwise an era of radicalization, fanaticism and terrorism will begin which today we cannot even imagine.”
Mr. Höttges said the current system will not be able to sustain social welfare obligations in the future: “It seems to me that we need to think about completely new financing models,” he said.
“What’s wrong with today’s social welfare state is that I have to ask for help when I’ve worked my entire life,” Mr. Höttges said. “A basic income promises more dignity and would also support companies.”