without formal financial education would alienate their own freedom by dissipating their capital or "stakeblowing". Stuart White argued that unless education corrected for this, there would be an inegalitarian outcome, as people fundamentally have different asset-management capacities. See Time preference and Deferred gratification. See also American Labour Movement Baby bonds Child Trust Fund Citizens dividend (as 'basic income') Individual Development Accounts property-owning democracy Social Credit 'Third Way' political philosophy Universal basic income (similar proposal) References Egalitarianism Capital (economics)