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" "Rich countries have 'kicked away the ladder' by forcing free-market, free-trade policies on poor countries. Already established countries do not want more competitors emerging through the nationalistic policies they themselves successfully used in the past.
(Hangul: 장하준; hanja: 張夏准; born 7 October 1963) is a South Korean institutional economist specialising in . Currently a reader in the Political Economy of Development at the University of Cambridge, Chang is the author of several widely discussed policy books, most notably Kicking Away the Ladder: Development Strategy in Historical Perspective (2002). In 2013 Prospect magazine ranked Chang as one of the top 20 World Thinkers.
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[W]hen it comes to basic income, please do not just look at the demand side, but also look at the supply side. ...Whatever amount of income they're going to give you... how are they going to provide those basic ? Some proposals are progressive, but some are not. Some haven't even thought about this. You need to look at both aspects.
Finally we have to rethink the production system, the global supply chain, partly because of this pandemic but... no one thinks that this will be the only disease that is going to hit human society. A lot of us agree that increasing acceleration of will create many other crises... extreme weather events and so on... but who knows what other crises are in store, so we need to rebuild the system to have more... resilience and robustness... Just think about airplanes, oil tankers... they can produce disastrous outcomes if something doesn't work. All these systems, including... electricity... have ways to absorb, isolate shocks and quickly bring backups [etc.]... and the economy will also have to be redesigned in that kind of way.
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