Transforming the Welfare State: Innovative Approaches and Future Pathways

As the Biden administration fires a $1.9trn pandemic-relief bazooka, we consider how governments might rethink welfare: providing more-flexible benefits, investing in human capital and acting as an insurer against the gravest risks. The simple pleasure of human touch, so constrained of late, is not an emotional luxury—it’s a physical need. And why it’s so hard to coin a word.

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