IMF, World Bank should be demanding universal social security, not austerity

The Hill ^ | 10/09/2023 | LENA SIMET AND DAISY SIBUN

[ChicagoConservative27]

As finance and development ministers and legislators gather in Morocco for the annual meetings of the World Bank and the International Monetary Fund (IMF), from Oct. 9 to 15, the pressing issue of runaway global inequality will loom large on their agenda.

Governments can use various tools to address inequality, including fair taxes, quality public services and just labor conditions. And an important tool they should consider now is universal social security, a set of policies and programs designed to ensure financial security across a person’s lifetime.

The World Bank and IMF wield substantial influence by funding and shaping social security systems globally. The World Bank is the largest global funder among international organizations. However, for the last few decades these institutions have promoted a failed approach based on austerity and lean programs. These programs temporarily target people considered the poorest and most vulnerable without putting in place the broader, long-term structures that protect everyone throughout their lives.

[ChicagoConservative27]

Lena and Daisy are straight out of the Soviet Union...

[mewzilla]

Yup...

Lena Simet is a senior economic justice researcher at Human Rights Watch. Daisy Sibun is a social policy specialist at Development Pathways.

[SaveFerris]

[IMF, World Bank should be demanding universal social security]

Oh good, Universal Basic Income in Digital Currency for the Global Citizen Population - WHAT could possibly go wrong with this idea? (It's my guess that it will indeed happen)

Lurkers, please click on my screen name to see my homepage for additional information.

[SaveFerris]

[EEGator]

I sure hope I have the same quality of life as the average Eritrean…

[EEGator]

“I would have liked to have seen Montana.”

[SaveFerris]

I would have liked to enjoy my early Social Security for a long time and work some more

Oh, and buy reasonably-priced food and gas. The Democrats destroyed all of that. Along with COVID-19(84).

For any liberal / Democrat acquaintances:

[aMorePerfectUnion]

Needs a Barf Warning in title

[EEGator]

Don’t worry, you can work until you die now.
SS solved…

[JimRed]

Take from everyone, no matter how poor, for a SS fund. Then politicians worldwide can raid the funds at their leisure.

[dfwgator]

“I would have liked to have seen Montana.”

"Gonna be a Dental Floss Tycoon."

[Boogieman]

Let’s remember the most prosperous country on the planet could not manage to maintain a fiscally solvent social security program.

[EEGator]

More Zappa…

[FlingWingFlyer]

These two ditzy bimbos are why males fought so hard trying to keep the ditzy folks out of politics.