advertisement advertisement advertisement "A second evil which plagues the modern world is that of poverty. Like a monstrous octopus, it projects its nagging, prehensile tentacles in lands and villages all over the world," said Martin Luther King Jr. in his Nobel Lecture in 1964 . "There is nothing new about poverty. What is new, however, is that we have the resources to get rid of it." advertisement advertisement The first "evil," of course, was racial injustice, and King was aware that poverty and economic exclusion of minority groups served as another avenue of discrimination. From his graduate school days, he'd been concerned with unjust wealth imbalances and had a "pretty developed egalitarian vision," says Thomas Jackson, a historian whose book explores King's economic dream. But it wasn't until the later stages of his life that King turned his main focus to economic justice, when it became clear that, for all its benefits, the Civil Rights Movement had not changed the day-to-day economic circumstances of Black people. He argued on several occasions that one of the tools that would help eradicate poverty was a guaranteed income (GI), an unconditional payout for poorer families, intended to supplement incomes so that everyone could… Read full this story
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Guaranteed income is having a moment. The last time it did, it was because of Martin Luther King Jr. have 338 words, post on www.fastcompany.com at February 16, 2021. This is cached page on Business Breaking News. If you want remove this page, please contact us.