The main fault of the economic system is systemic poverty. In the systemic poverty there is no lack of goods and services but lack of the right to access them (money). Systemic poverty creates increased suicides, poor health, inability to make a family, reduced span of life, etc. The United Nations in recent years has declared a planetary scale campaign to eradicate poverty from the planet. Systemic poverty can be cured through free basic income. The free basic income is, unfortunately, not possible to be derived solely from taxes as it is a too large expense for Governments, so it has to be derived directly from currency issuing by the central bank or decentralized digital currencies. We state the necessary new principles and rules for decentralized digital currencies so as to give free basic income. As an alternative we analyze the necessary democratization that is required for the banking monetary system, so as to allow politicians to provide the free basic income.

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Solving the Global Problem of the Systemic Povery

Kyritsis, Konstantinos; Pappas, Theodoros

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