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