If we assume the best in people, we can radically redesign our democracy and welfare states.
Rutger BregmanRead
A universal basic income would be the best way to give everyone the opportunity to do more unpaid but incredibly important work, such as caring for children and the elderly.
Interpretation
Universal basic income can empower people to engage in valuable unpaid work.
Rutger Bregman argues that implementing a universal basic income would enable individuals to pursue significant but often unpaid roles, such as caregiving. This would not only enhance societal well-being by allowing people to contribute in meaningful ways, but it would also recognize and validate the importance of work that is typically overlooked in traditional economic measures.
In practice
In a discussion about social welfare programs, one might quote this to advocate for universal basic income.
If we assume the best in people, we can radically redesign our democracy and welfare states.
Since long workdays lead to more errors, shorter workdays could reduce accidents. Overtime is deadly. Tired surgeons have been found to be more prone to slip'ups, and soldiers who get too little shuteye are more prone to miss targets.
My hope is that the corona crisis will help bring us into a new age of cooperation and solidarity and a realization that we're in this together.
This is what a crisis does: It makes you question the status quo. That doesn't mean that after a crisis we move into some kind of utopia. But it is an opportunity for political change.
While it won't solve all the world's ills - and ideas such as a rent cap and more social housing are necessary in places where housing is scarce - a basic income would work like venture capital for the people.
Believing in the good of humanity is a revolutionary act - it means that we don't need all those managers and CEO's, kings and generals. That we can trust people to govern themselves and make their own decisions.
It turns out that advancing equal opportunity and economic empowerment is both morally right and good economics. Why? Because discrimination, poverty and ignorance restrict growth. We know that investments in education, infrastructure and scientific and technological research increase growth. They increase good jobs, and they create new wealth for all of us.
There is a broad consensus, not only in the United States but in most of the world, that if you are in an economic downturn, you need to stimulate. Germany seems to be an exception.
The most important single central fact about a free market is that no exchange takes place unless both parties benefit.
The welfare of a nation can scarcely be inferred from a measurement of national income as defined by the GDP.
When the economic well-being of their nation demanded a strong and creative response, my colleagues at the Federal Reserve... mustered the moral courage to do what was necessary.
A just wage for the worker is the ultimate test of whether any economic system is functioning justly.
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