I am asking this question, because there does not seem to be a modern logical solution.
I hear a lot of people say that socialism might solve a lot of problems, but I don’t think it has any practicality.
Looking at jobs hiring trends, a lot of businesses are almost stopping their hirings, in favour of investing in automation. Which means 5-10 years down the line, “worker owned” might be closer to fiction.
AI is replacing a lot of jobs now and while the trend that new technologies create jobs, I think that jobs might come after 15-40 years.
Are humanity hopeless?
Human suffering is such a uselessly broad, wide sweeping range of things and happenings that you may as well have said “bad things.”
OK, let us try again here.
Poverty and hunger.
Replace all the social services your country has with a guaranteed basic income. Everyone gets it and it doesn’t run out like unemployment benefits. Another benefit, unlike welfare, is the person can keep working.
This has been studied a lot of times and mostly there is usually 2 concerns:
Now, for the first concern: I had never seen anyone even answer it theoretically.
For the second concern: there is a mixed results, some studies suggest that people productivity gets lower, others suggest otherwise.
I don’t see this even applied in a small village.
Just to be clear, I am talking about the widely known UBI, there is NIT and even other universal welfare schemes. IMO, even other universal welfare schemes has their own set of unsolved issues, and very experimental and idealistic in nature.