The World Bank's recent report argues that government intervention, when done right, can actually be an essential ingredient of economic success, reversing decades of opposition to industrial policy.
Most people leave doctor visits with prescriptions, but still feel unsure—instructions make sense, but no one asks about their life. In contrast, when a provider knows your name, remembers your story, and explains care in a way that fits you, the experience feels different—and that difference matters.
Luna Rosado, a single mother, has seen her gas expenses rise by $40 weekly due to a 30 percent increase in prices after the war in Iran. This has resulted in $160 less for groceries and other necessities each month, forcing her to constantly adjust her budget.
Growing up outside Manchester, I remember watching my mum count out exact change at the supermarket checkout, keeping a running total in her head as she shopped. Meanwhile, my university roommate would just toss things in his trolley without a second thought. That's when it hit me: Financial security isn't just about having money. It's about the mental space that money creates.
Everything is changing, and in the face of that, America is failing. Over 90,000 souls have paid for our failing. Millions more are living in terror for their livelihoods and their families. But Covid-19 isn't a technology problem, or a science question, or a supply chain issue, or even a question of doctoring. This challenge is public health, and that is something we've been failing at for a damn long time.
Cash transforms health when four particular conditions are met. Most U.S. cash-transfer pilots have lacked them. But one major American policy does come close: the federal food-assistance program SNAP. Its success offers a road map for what effective cash assistance can look like in this country, if we choose to build on it.
The UK's poorest families are getting poorer, with record numbers of people classed as in very deep poverty meaning their annual household incomes fail to cover the cost of food, energy bills and clothing, according to analysis. Although overall relative poverty levels have flatlined in recent years at about 21% of the population, life for those below the breadline has got materially worse as they try to subsist on incomes many thousands of pounds beneath the poverty threshold.