The armed forces champion a form of capitalism that is generating revenue, but its reliance on rent faces diminishing returns, leaving the country with massive sunk costs and deferred returns, deepening dependency on external borrowing.
Yezid Sayigh
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Several commentators have remarked that Universal Basic Income functions as a Rorschach test for the welfare state, given that it draws its support from a diverse ideological coalition that sees it as mediating their own preferred versions of an ideal society.
Source: Print
Several commentators have remarked that Universal Basic Income functions as a Rorschach test for the welfare state, given that it draws its support from a diverse ideological coalition ranging from the libertarian right to the liberal left that sees it as mediating their own preferred versions of an ideal society.
But a vehement debate simmers below this shallow consensus between those who see a UBI as restraining the worst paternalistic tendencies of a convoluted welfare state, and those who support its role in plugging the gaps of a social protection floor alongside universal services and efforts to reform existing programs.
Saksham Khosla
Former Research Analyst, Carnegie India
Saksham Khosla was a research analyst at Carnegie India.
The armed forces champion a form of capitalism that is generating revenue, but its reliance on rent faces diminishing returns, leaving the country with massive sunk costs and deferred returns, deepening dependency on external borrowing.
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