Part 4/10:
Understanding the potential role of UBI within capitalism requires a brief historical perspective. Capitalism arose in late medieval Europe, evolving from feudalism through the influence of the Renaissance and gaining momentum during the Industrial Revolution. Key figures like Andrew Carnegie and John D. Rockefeller exemplified how industrialist-driven capitalism spurred economic growth in the 19th and early 20th centuries.
Today, America's economy is a mixed system blending free-market capitalism with social programs. Yet, many of these welfare programs are criticized for their inefficiencies and short-term focus. They often resemble temporary fixes—"feeding people for a day"—rather than empowering individuals to become self-sufficient.