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Can We End Poverty by Just Giving People Cash?
The Next Big Idea
Cash Empowers: The Scandinavian Model of Welfare and Entrepreneurship
Scandinavian countries like Sweden, Norway, and Denmark exemplify successful welfare states by providing substantial cash support to low-income individuals, fostering greater equality and improved social outcomes compared to the US. These nations demonstrate that financial assistance correlates with better education, health, and criminal justice results for the poor. Interestingly, they also lead in entrepreneurial ventures, with Stockholm boasting a high number of billion-dollar startups. This suggests that a robust social safety net reduces economic anxiety, creating an environment conducive to entrepreneurial risk-taking and innovation.
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