If we assume the best in people, we can radically redesign our democracy and welfare states.
Rutger BregmanRead
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.
Interpretation
A basic income can empower individuals similarly to how venture capital empowers startups, even if it doesn't address all societal issues.
In this quote, Rutger Bregman emphasizes the potential of a basic income as a transformative financial tool for individuals. He acknowledges that while a universal basic income won't resolve all societal problems, it can provide valuable support akin to venture capital, promoting entrepreneurship and innovation among the populace, particularly in contexts where resources are limited and housing struggles exist.
In practice
During a public seminar on economic reform, one might use this quote to advocate for basic income policies.
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.
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.
We so often tend to think our democracies are ruled by procedures and laws, but they are also governed by implicit rules and assumptions and one of them is the ability to feel shame - that you can be shamed.
If strong economic conditions can partially reverse supply-side damage after it has occurred, then policymakers may want to aim at being more accommodative during recoveries than would be called for under the traditional view that supply is largely independent of demand.
During the next four years...unless drastic steps are taken by Congress, the U.S. will have nearly 8,000,000 unemployed and will stand on the brink of a deep depression.
Many markets work best with little or no outside interference. But others - especially those subject to big 'externalities' - need a helping hand.
Thus, our national circulating medium is now at the mercy of loan transactions of banks, which lend, not money, but promises to supply money they do not possess
This power becomes particularly irresistible when exercised by those who, because they hold and control money, are able also to govern credit and determine its allotment, for that reason supplying, so to speak, the lifeblood to the entire economic body, and grasping, as it were, in their hands the very soul of production, so that no one dare breathe against their will.
If they are too big to fail, make them smaller.
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