Basic Income is Already Here, It's Just Called Digital Nomadism

Basic Income and lifestyle businesses are both big topics in any discussion of the Breaking Smart future. In this guest issue of our newsletter, lifestyle business veteran and long-time friend and reader Steven Moody, who runs out of Vietnam, argues that the lifestyles pioneered by expat lifestyle designers in hotspots such as Southeast Asia are actually a good preview of what a future built around universal basic income might look like.

View this email in your browser

Digital nomads, illustration by Venkat

1/ Digital nomads show us what a world of universal basic income (UBI) would look like

2/ In the aughts most nomads started on the Tim Ferriss global arbitrage bandwagon after reading The Four Hour Work-Week (4HWW)

3/ This led to a cluster focused on colonization of the SEO frontier online and the SE Asia scene offline

4/ But most of them failed to read the last chapter of 4HWW, "filling the void."

5/ It turns out winning the game of paying rent is easy when you lower your costs 90%

6/ Then you're left with this question of the void.

7/ Some fill the void by becoming a flat type, such as "the guy who always drinks tequila"

8/ Others expand their horizons and strive to prove they are unique snowflakes

9/ But the early digital colonizers were rarely snowflakes

10/ They were either arbitragers or pre-digital nomads dragged reluctantly online.

11/ Then Instagram happened, bringing the "void first" people online.

12/ Instagram enabled snowflakes to gain attention by being the most unique snowflake.

13/ The top businesses on Instagram still are health, fitness, beauty: snowflake empires.

14/ And with travel the nomad part became legible to the snowflake tribe.

15/ Vietnam changed from the jungle of 1970s Rambo to a hipster cafe scene

16/ Colombia buried the Escobar era and Cuba (on Instagram) will soon forget Castro

17/ With the legible scene came a new kind of nomad: the digital snowflake.

18/ The cost of starting a hipster cafe runs 5-6 figures but the cost of starting a hipster Instagram is nothing

19/ So the digital snowflakes started a variety of digital snowflake businesses in different parts of the world

20/ These businesses usually don't make the F U money of a soulless 4HWW type arbitrager

21/ But they keep the owner engaged in the finite game of lifestyle business, and the infinite game of paying rent

22/ The last crowd to arrive on the digital nomad scene were eternal students

23/ When education is mostly free (Germany) there is a startling number of 30-somethings finishing advanced degrees to nowhere (debt free)

24/ But the student lifestyle prepared them for the nomad lifestyle, so they find they can keep it going by traveling abroad

25/ Their game is not yet determined: many embrace one of the previous tribes but some may create a not yet known new tribe

26/ But the travel lifestyle is a red herring obscuring the real motivations of digital nomads

27/ Travel was a means to self-actualize and the desire to colonize or to explore for some, or to belong or even just pay the bills for others.

28/ UBI would create a world much like that of the digital nomads but with less actual nomadism

29/ Armed with enough money to cover rent, we would see more of the same clusters:

30/ The arbitrager will always arbitrage; the colonizer will always colonize

31/ The instagram snowflake is always gonna snowflake

32/ Innovation will continue to come from what looks like toys made by tinkerers, tinkerers who fill the void by tinkering

33/ And this is the best argument for UBI: like making FU money, receiving UBI doesn't make you an asshole, it makes you a truer reflection of your real self.

34/ UBI would create a void for more people, and with it more psychosis, but also more eureka moments.

_You can check out Steven's marketing business and sign up for his newsletter here. You can follow him on Twitter here. _

_Feel free to forward this newsletter on email and share it via the social media buttons below. You can check out the archives here. First-timers can subscribe to the newsletter here. You can set up a phone call with me via my profile page. _

Check out the 20 Breaking Smart Season 1 essays for the deeper context behind this newsletter. If you're interested in bringing the Season 1 workshop to your organization, get in touch. You can follow me on Twitter @vgr

Copyright © 2016 Ribbonfarm Consulting, LLC, All rights reserved.