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The Intelligence from The Economist

Casting the net wider: remaking the welfare state

The Intelligence from The Economist

The Economist

Global News, Daily News, News

4.53.7K Ratings

🗓️ 12 March 2021

⏱️ ? minutes

🧾️ Download transcript

Summary

As the Biden administration fires a $1.9trn pandemic-relief bazooka, we consider how governments might rethink welfare: providing more-flexible benefits, investing in human capital and acting as an insurer against the gravest risks. The simple pleasure of human touch, so constrained of late, is not an emotional luxury—it’s a physical need. And why it’s so hard to coin a word.

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Transcript

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0:00.0

Hello and welcome to the Intelligence on Economist Radio. I'm your host, Jason Palmer.

0:09.3

Every weekday we provide a fresh perspective on the events shaping your world.

0:14.6

Among many troubling images from the pandemic were families visiting elderly relatives on

0:22.7

either side of windows unable to embrace. COVID-19 has deprived billions of the human

0:28.9

touch that's not just an emotional luxury, it's a physical need. And most words have messy,

0:36.2

long lineages, often descended from a language's earliest form. Some words though, well,

0:41.9

they're just made up. But that's not to say it's easy to get people to use them or to

0:46.7

use them in the manner intended.

0:55.9

What's up though? Good evening my fellow Americans. Tonight I'd like to talk to you about where

1:04.4

we are as you mark one year since everything stopped because of this pandemic.

1:12.0

Last night, President Joe Biden spoke to America in a primetime address from the White House

1:16.6

for the first time since taking office. He promised to direct states to make all adults

1:21.7

eligible for a COVID vaccine by May and discussed the bill he had just signed into law, the American

1:28.2

Rescue Plan, a $1.9 trillion stimulus program. It extends unemployment benefits. It helps

1:35.4

small businesses, the lower its healthcare premiums for many. It provides food and nutrition,

1:41.0

keeps families in their homes. America is not the only country that's responded to the

1:46.0

crisis with increasing generosity. That's Margaret Hope, a 57 year old self-employed chef

2:07.3

based in Canada. When the pandemic swept away all of her work, she didn't expect much

2:12.4

outside help. After Alberta's oil crash in 2014, she received no government support and

2:18.7

had to close her restaurant. But this time around with COVID-19, the federal government

2:24.0

included the self-employed in its rescue package.

2:35.7

Across the world from America to Canada to Western Europe, the pandemic has prompted a

...

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