It&#x27;s ironically Keynesian only without the potential benefits, because most of the money is lost on play acting make-work and not on productive activity.<p>Even more ironically, it&#x27;s practically nationalisation by the back door.<p>&gt;Many nations on Earth are being confronted with the notion that larger and larger sections of their society are now unemployable<p><i>People are not unemployable.</i> The problem is more that the current system isn&#x27;t smart enough to work out how they can be usefully employed.<p>Every country in the world has a huge amount of work that could be done - infrastructure improvement, education,  housing improvement, art and culture, even software and startups.<p>But the current value system deems most of these activities &quot;uneconomic&quot; because funding them would decrease the short-term net worth of a small number of very wealthy individuals.<p>It&#x27;s a nonsense reason, but it&#x27;s going to be a problem until the value system becomes intelligent enough to plan rationally for the medium and long term.