City University of London recently hosted Denison Associate Professor of Economics and President of the Binzagr Institute for Sustainable Prosperity Fadhel Kaboub.
Kaboub spoke on “The Case for a Job Guarantee in the UK: The Economics of Care, Dignity, and Prosperity.”
The London Guardian featured an op-ed, which supported Kaboub’s case.
His presentation “made the case for a job guarantee program in a country like the UK, which enjoys full monetary sovereignty.
“He argued that the UK can achieve full employment without inflation while at the same time leading the efforts to combat climate change, improve socio-economic inclusion, and boost quality of life for all members of society (including full funding for NHS).
“Building upon a modern monetary theory analysis of the UK economy, Dr Kaboub’s talk demonstrated that the UK government is not financially constrained in its capacity to offer a job with decent pay and benefits to everyone ready, willing and able to work.
“His analysis also addressed the major risks that are often feared from a job guarantee program (for example inflation, currency devaluation, budget deficits, national debt, corruption, bureaucracy and lack of productivity).
“The presentation concluded by showing that a decentralised job creation system that focuses on the care economy and green jobs is not only desirable and affordable, but is also inevitable in the 21st century.”
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