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Publish at April 06 2021 Updated April 20 2023

Reversing ideas about poverty alleviation

The view of the 2019 Nobel Laureate in Economics

The issue of fighting poverty is one that causes a lot of concern to governments, including France's. Generally, they claim to invest millions of euros or dollars in this area without much result.

As a result, they believe that the aids are totally useless, or even obstacles to ending impoverishment. The winner of the 2019 Nobel Prize in Economics, Esther Duflo, has a completely different view on this subject.

Having analyzed this issue internationally, she debunks 3 often stated myths.

  • First, welfare does not make you lazy. Most countries with generous formulas do not note a discouragement to employment. On the contrary, it is a security that promotes people's professional plans.

  • Second, it is not a waste of taxes. This argument is, above all, according to her, a way of delegitimizing this principle which is intended, first and foremost, as a redistribution of accumulated wealth.

  • Finally, she does not subscribe to this idea that there must be inequalities in a society. Nations have made a good decision to do everything they can to reduce that without it collapsing.

So it's a political choice, and for her, the biggest danger is the illegal and legal loss of capital that should stay in countries.

Time: 3min22

Illustration : Horst Tinnes from Pixabay

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