Home / Business/ Global academics weigh in on UBI for Sri Lanka

Global academics weigh in on UBI for Sri Lanka


Comments / {{hitsCtrl.values.hits}} Views / Monday, 11 February 2019 00:46

Facebook

Prof. Guy Standing
 
Talal Rafi
 
Prof. Karl Widerquist

With Universal Basic Income becoming an increasingly mainstream topic around the world, two global academics partnering with Talal Rafi are looking at studying basic income for Sri Lanka. Professor Guy Standing, with a doctorate from the University of Cambridge is a Professor at the University of London, was a former Director at the International Labour Organization and is an economic advisor to the Labour Party of Jeremy Corbyn in Britain. Professor Karl Widerquist, with a doctorate from the University of Oxford is a Professor at Georgetown University in Qatar and according to the Atlantic Monthly is called “a leader of the worldwide basic income movement”.

“Our pilots in India and in Africa have demonstrated beyond doubt that if the Government gives out modest basic income instead of wasteful subsidies and conditional welfare schemes, nutrition improves, health improves, local economic output and income go up and the status of women improves. Having worked in Sri Lanka, I am convinced this would be the best way forward. It is a pleasure to partner with Talal Rafi on this. Working with our colleague Talal Rafi, we wish to fight poverty,” says Professor Guy Standing who is instrumental in the Labour Party including a basic income pilot project in its upcoming election manifesto.

“Poverty is not a lack of money. It’s the lack of access to the resources you need to live a decent life. Threatening people with poverty is a cruel way to get them to accept low wages. We need basic income to fight this. Luckily the idea is spreading around, and people like our colleague Talal Rafi are working to bring basic income into the political debate in Sri Lanka,” says Professor Karl Widerquist. “3.7 billion people in the world saw no increase in their wealth, according to the Oxfam report last year. Millions of people around the world, go to work just to prevent themselves and their families from starving. Around 4% of Sri Lankans are below the national poverty line according to the Asian Development Bank. That is nearly a million Sri Lankans. Extreme poverty should be wiped out and a guaranteed basic income is the only way to get rid of extreme poverty,” says Talal Rafi, an entrepreneur and advocate for universal basic income in Sri Lanka.

 


Share This Article

Facebook Twitter


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Poignant pondering on a patriarch

Monday, 22 April 2019

Almost five months have gone. It is with a profound sense of sadness that we experienced the demise of our veteran teacher, respected author, legal luminary, an accomplished ambassador, an eminent public servant and an amazing human being, Dr. Wickre


Enemies of democracy – Part I Demand for a strongman to rule the country

Monday, 22 April 2019

I posed the following question to a group of university students recently: ‘Do you desire to have a strongman to rule Sri Lanka today?’ The students, made up of both genders in the age group of 25 to 35, chorused the answer in the affirmative. Wh


The sad demise of Jet Airways

Monday, 22 April 2019

Jet Airways of India, once the premier full-service carrier of the sub-continent, has ceased operations. “Jet Airways and its Board of Directors have been forced to take this extreme measure, as prolonged and sustained efforts with lenders and auth


No more stones to break Sri Lankan bones

Friday, 19 April 2019

Trial by fire is not a new ordeal to Christian community. It predates Notre Dame and Nazism by millennia. In fact, a decade or so before Nero torched believers to light Roman avenues, Jewish religious leaders put Jesus-followers to the test as the Ch


Columnists More