The Evolution of Societies

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There's just not enough money. No private charity. Ye, the numbers, the last i looked at it was like about 20, maybe 18 to 22 % of g d p is allocated for these kinds of social programmes and welfare in western democracies. In most that, say, the top 20 western democracies, industrialized democracies,. And everybody complains it's either too much or not enough - but it's always around 20%. Even ameri? I think america is like 21 per centwer we allegate more than canada. So calledsocialist canadaso, apparentlye. That's the direction we're going. Which is the point in your book, is that we should keep

Michael Shermer speaks with Nemat Talaat Shafik, Baroness Shafik DBE, known as Minouche Shafik, one of the leading policy experts of our time, about a new and better social contract that recognizes our interdependencies, supports and invests more in each other, and expects more of individuals in return: a rethinking of how we can better support each other to thrive. Shafik avers that no only can every country provide its citizens with the basics to have a decent life and be able to contribute to society, but that we owe each other more than this. A more generous and inclusive society would also share more risks collectively and ask everyone to contribute for as long as they can so that everyone can fulfill their potential.

Shafik is an Egyptian-born British-American economist who served as the Deputy Governor of the Bank of England from August 2014 to February 2017 and has served as the Director of the London School of Economics since September 2017. She served as the Permanent Secretary of the Department for International Development from March 2008 to March 2011, when she went on to serve as the Deputy Managing Director of the IMF — International Monetary Fund.