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Steve Bosserman

Why Didn't America Become Part of the Modern World? - 0 views

  • Now you know what modernity is. It’s the idea that poverty causes ruin, and so the primary job of a modern society is to eliminate poverty, of all kinds, to give people decent lives at a bare minimum — and a social contract which does all that. Hence, Europe became a place rich in public goods, like healthcare, media, finance, transport, safety nets, etcetera, things which all people enjoy, which secure the basics of a good life — all the very same things you intuitively think of when you think of a “modern society” — but America didn’t.
  • So in America, poverty wasn’t seen as a social bad or ill — it was seen as a necessary way to discipline, punish, and control those with a lack of virtue, a deficit of strength, to, by hitting them with its stick, to inculcate the virtues of hard work, temperance, industriousness, and above all, self-reliance. The problem, of course, was that the great lesson of history was that none of this was true — poverty didn’t lead to virtue. It only led to ruin.
  • So here America is. Modernity’s first failed state. The rich nation which never cared to join the modern world, too busy believing that poverty would lead to virtue, not ruin. Now life is a perpetual, crushing, bruising battle, in which the stakes are life or death — and so people take out their bitter despair and rage by putting infants on trial. History is teaching us the same lesson, all over again. Americans might not even learn it the second time around. But the world, laughing in horror, in astonishment, in bewilderment, should.
Bill Fulkerson

Why Positive Thinking Won't Get You Out of Poverty | naked capitalism - 0 views

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    "n a recent article in the New York Times, the development economist Seema Jayachandran discusses three studies that used Randomised Controlled Trials (or RCTs) to understand the benefits of enhancing the self-worth of poor people. Despite wide differences in context, all the cases explore the viability of 'modest interventions' to 'instill hope' in marginalised communities, concluding that 'remarkable improvements' in the quest for poverty reduction are possible."
Steve Bosserman

Finland's Basic Income Pilot Was Never Really A Universal Basic Income - 0 views

  • The whole premise of a true universal income program is that people can be eligible to receive the supplemental payment regardless of whether or not they work. While the income threshold for receiving the benefit necessarily varies by context, generally the idea is to help people clear the poverty threshold wherever they live.
  • In contrast, a significant part of the appeal of true UBI programs now comes from the fact that jobs–especially for less highly skilled workers–have not proven to be an adequate source of economic stability. And with automation threatening to make low-skilled jobs like cashier or waiter redundant, we can’t continue to rely on jobs as a path out of poverty. A UBI could certainly enable people to work if they would like to, but the point of it is that economic well-being should be a guarantee for all, regardless of labor.
  • Since 1982, the Alaskan government has sent a check to every resident from an investment fund established with oil revenues. In 2015, when oil prices were high, the Alaska Dividend Fund sent every individual an annual check for $2,072, or $8,288 for a family of four. Nobody is arguing that this annual stipend is enough to live on, or to qualify as a true UBI (especially because it fluctuates with the price of oil), but it’s a proven model for how a government can collect and redistribute revenue. Perhaps, Marinescu says, Alaska could be instructive in how states could put a tax on carbon and use the revenues to boost incomes.
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