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.
When the rate of return on capital exceeds the rate of growth of output and income, as it did in the nineteenth century and seems quite likely to do again in the twenty-first, capitalism automatically generates arbitrary and unsustainable inequalities that radically undermine the meritocratic values on which democratic societies are based.
Economy consists in a due and proper application of the means afforded according to the ability of the employer and the situation chosen; care being taken that the expenditure is prudently conducted.
The key words of violent economics are urbanization, industrialization, centralization, efficiency, quantity, speed. . . . The problem of evolving a nonviolent way of economic life [in the West] and that of developing the underdeveloped countries may well turn out to be largely identical.
The market economy-capitalism-is a social system of consumers' supremacy.
A winner-takes-all economy that offers only limited access to the middle class is a recipe for democratic malaise and dereliction.
The thing I've learned most about poverty is how expensive it is to be poor. It's super easy to pay rent every month if you earn enough to pay rent and have a decent job. It's super hard to pay rent if you need a coupon from the state and then need to go find an apartment that will accept that coupon and only that coupon.
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