Can the Basic Income Truly Act as a Trigger for Self-Organising a New Resilient System of Migration?

Abstract

In contemporary capitalism, with deepening socioeconomic inequalities and crises, major ‘adaptations’ (self-organising changes) are inevitable. The fundamental challenge must be institutional: the established-institutions are inadequate, and a greater period-of-experimentation for the future, such as ‘basic income,’ is necessary. This is why we should look at the basics of institutional-economics, particularly in radical traditions, outside of the ruling neoliberal-consensus. The literature, however, has weakly addressed the issue, whether a ‘basic income’ can truly act as a ‘trigger’ for the self-organisation of new resilient-systems-of-migration. This leads to sub-questions: (1) how capitalist system-of-migration gets to organisation-structuration in real-world; (2) what its origin-of-crisis is; (3) in crisis, how-whether can basic-income be truly a trigger for self-organising a new resilient system-of-migration, in value-history; (4) if untruly, what normative-solutions are, addressing the duality ‘reform-vs-radical’. This paper, which defines ‘self-organisation’ as an ‘institutional process-of-change, with struggles to reorganise-reconstitute-restructurate an order-out-of-disorder,’ seeks to answer the question with the institutional-matrix of self-organisation full of variables structurated by market vs. non-market; pro-capital vs. anti-capital, through a deeper understanding of institutional-economics in radical-traditions, and applies it to an empirical case-study (with quantitative data-analysis) on Korea during the last-decade. By doing so, this paper argues: beyond the superficial-issues of market-vs-state, and Keynesianism-vs-neoliberalism, institutional economics addresses the deeper-issue of ‘structuration’ in capitalistic systems-of-migration in Korea, which act as the roots-substances of long-term crises. In the crisis, the basic-income in turn can act as a trigger for self-organisation, but it’s only valid when truly connected to the radical-theory looking beyond such capitalistic-system.