“No power on earth can stop an idea whose time has come,” the former Indian prime minister Manmohan Singh famously said in 1991, alluding to Victor Hugo, as he announced the market reforms that are credited with improving the lives of hundreds of millions of Indians.
Last week, India’s chief economic adviser used the same language to laud a policy that promises to shrink poverty rates even further.
A universal basic income (UBI) – in its simplest form, the idea of paying every citizen a no-strings wage – was also “an idea whose time has come”, said Arvind Subramanian. Although in […]
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