Creating an Economy of Care

Stephen Hill ()
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Stephen Hill: University of Wollongong

Chapter Chapter 4 in The Kyoto Post-COVID Manifesto For Global Economics, 2022, pp 63-81 from Springer

Abstract: Abstract With the power of pro-social behavior, community, interdependent co-creation and care now demonstrated, this chapter confronts the unexpected recent impact of the COVID Pandemic, how society can best cope, and, more importantly, transform positively in a Post-COVID world. At heart is the Chinese expression, ‘Weiji’ representing both danger and opportunity. Individual nations have responded to the danger with immensely varying degrees of success. The opportunity which delivers hope for the future, lies, however, in care. Within this context, the Chapter’s argument returns to Economics for the Future and demonstrates the power of Universal Basic Income (UBI)—that potentially offers care and dignity for all. However, two critical qualifiers must be added. The first is the need to see UBI not as a source of ‘relief’—from economic and social stress, but as a ‘platform’ for economic action and resilience. The second is the need, in parallel, to build a surrounding pro-social, nutritive, creative and enterprise empowering context for UBI at local community level.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:crechp:978-981-16-8566-8_4

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DOI: 10.1007/978-981-16-8566-8_4

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