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This is a painful read, from the comfort of an armchair. The worst is that I even have no idea how an individual can help in such situations.
by BrandoElFollito 7y ago
This is a painful read, from the comfort of an armchair. The worst is that I even have no idea how an individual can help in such situations.
- somebadguy 7y agoYou can't. It's not your responsibility. Blame the Pakistanis and their culture and their ignorance. Watch as Pakistani cowards say that's not what the country is like and that it's fake news.
- yitchelle 7y agoThe last sentence of the post shows that he has lost all hope of ever coming out of debt. "In a few years, when my son is old enough, I may have to sell one of his kidneys as well,"
- mav3rick 7y agoThis is called a poverty cycle. And the current Nobel Prize winners in Economics have talked a lot about this. The foundation of UBI is based on cases like these.
- jacquesm 7y agoThey typically do that in the context of countries that are already wealthy for those within that country. You would not be able to do UBI at the level of a country the size and state of Pakistan at present unless you got other countries to pay for it.
- kingludite 7y agoOf course other countries should pay for it.
- imtringued 7y agoThere is a conflict of interest. Foreign aid won't work because you're effectively paying corrupt politicians to keep their country unstable so that they can collect more foreign aid.
- yorwba 7y agoForeign aid doesn't have to be given to local politicians for them to distribute as they see fit. You can also pay trusted outsiders to do it instead. And the magnitude of repeat payments should probably depend on how much the previous installments helped instead of how bad the situation still is.
- andai 7y agoThe other day I was thinking about the proposed UBI program in the states ($1000/month), and wondered what a difference it would make for the poorest people in the world if the same monthly budget was instead divided between all citizens of the world. It ends up being about than $40 a month, but for people living under a dollar a day, that's a huge difference. Unfortunately there is no financial structure in place yet to deliver UBI to every citizen of the world, but it's definitely something worth thinking about.
- jacquesm 7y agoIt would require a world government with teeth to be able to pull that off, Einstein was a famous proponent of this but even he could not make the case convincingly enough to get people to give it a try. https://bigthink.com/paul-ratner/should-we-have-a-world-government-einstein-thought-so https://bigthink.com/paul-ratner/should-we-have-a-world-gove...
- yorwba 7y agoGiveDirectly is experimenting with that kind of small-sum UBI in eastern Africa: https://www.givedirectly.org/ https://www.givedirectly.org/
- yazan94 7y agoI'm no economist, but injecting that much money that fast into an economy opens a whole new can of worms with inflation and currency devaluation right?
- LadyCailin 7y agoYes, but the net value is increased. It’s because giving $20 to a homeless person has a different effect than giving $20 to Jeff Bezos. The homeless person goes and spends it immediately, whereas Jeff Bezos’ spending habits won’t meaningfully change because of that.
- Jagat 7y agoEnforcement is going to be pretty hard. It's the thing that Bill Gates talks about when talking about philanthropy. If everyone in the world gets $30 - warlords in Africa, and landlords or local gangsters in other impoverished nations with weak law enforcement will easily be able to extract $25/person from their locality as 'protection money'. Now though, if those thugs at the top end up spending that money on local businesses, they're slowly boosting their economy. But they're more likely to buy smuggled German cars, thus evading local import taxes and funneling that money back into the developed nations with zero gain for the local economy. However, what I've stated is the worst case scenario. More likely than not, that $5 left with individuals is quite a lot in most countries and may end up boosting their economy albeit at a lower scale than what was imagined.
- SkyBelow 7y ago>unless you got other countries to pay for it. Well it is Universal Basic Income, not National Basic Income. One of the fun discussions with UBI is seeing people discuss who should and shouldn't get it.
- jacquesm 7y agoAll UBI experiments that I'm aware of so far have been confined to a single country.
- SkyBelow 7y agoAll the ones I recall are extremely limited on a number of fronts. They limited to a small group of people, for a limited time, and generally the funds are quite limited. I personally don't think these even qualify as UBI because some of the proposed positives for UBI do not exist when it has such limits. For example, if you are only getting UBI for 2 years, you have to plan out for the rest of your life after those 2 years and can't make the same choices as if you were being given UBI for life.
- jacquesm 7y agoFully agreed. UBI simply has not yet been tried on a scale and over a span of time that it would qualify as a real trial.
- mc32 7y agoSome middle eastern countries, like Qatar, have what amounts to UBI (guaranteed jobs and free basics). It has resulted in what in the west is called the excess and decadence. Without relying on natural resource extraction, I’m not sure it’s sustainable.
- andrewwharton 7y agoI just realised we just spent more on 5 days for a holiday rental over Christmas than this family received for selling 2 kidneys to try and escape their debt. It’s crushing to read stories like these. Surely there must be some sort of structural reform possible to “the way the world works” to prevent this absurd imbalance.
- adventured 7y agoIt's an incredible financial challenge, to say the least. In 1960 Pakistan had 25% the population of the US at about 2.7% the GDP per capita of the US. Today Pakistan has 60% of the population of the US at about 2.4% the GDP per capita of the US. The vast majority of developing countries have gained considerable ground on the US over that time on a per capita output basis, Pakistan has lost ground. To bring Pakistan up to the output level per capita of China or Russia (roughly near the world average; plausibly giving them the necessary room to make considerable employment, social welfare and infrastructure improvements) - Pakistan needs to add about $1.8 trillion per year to its economic output, an economy nearly the size of Italy or Brazil. To reach the level of Croatia, their output has to climb by $2.6 trillion per year, an economy the size of France. I don't see how the world can change anything structurally outside of Pakistan, in terms of how the world works, that will dent that enormous scale of a financial problem. Pakistan has to change dramatically internally. China and many other countries have managed that sort of prominent internal change over time, hopefully Pakistan can as well.
- shkkmo 7y agoWhile the poverty of Pakistan is indeed a problem, I would argue that it is not the cause of this situation. This situation is human exploitation backed by the government. The change needed here requires political, not just economic changes. I would suggest that this form of servitude is part of the cause of Pakistan's limited economic growth. Minimum wage and the ability to declare bankruptcy would go a long way to disrupting this particular status quo.
- baybal2 7y ago
- deith 7y agoYou can't, and you don't have to. It's their problem and their responsibility. They have the right to do whatever they want within their sovereign territory, for better or for worse.
- A4ET8a8uTh0 7y agoI feel drawn to this post. I find it difficult not to reply. You are right. It is reasonable to try to do good within your immediate social circle. You can still feel bad for situation that afflicts others AND could very well end up being part of culture in US.
- deith 7y agoMy first post was strictly political. Now, about health: it is not good or desirable to feel bad about things you can do nothing about. Any therapist will tell you that.
- A4ET8a8uTh0 7y agoI am arguing self-preservation. What you seem to think is completely detached from you, could very well end up on you rdoorstep. Is that not worth contemplating and worth feeling bad about; if only for a little while?