@@itsmeyourfriend adds up to make a big difference! In Rwanda, $40 can buy a new latrine and $150 gets a sewing machine to launch a tailoring business.
@@alistairdaynes We didn't discover or start direct cash transfers, but the advent of mobile money in Kenya in 2007 allowed us to start scaling up. A growing body of positive research evidence encourage us to fine tune and keep going.
The great thing about money is that people can spend it on things they need instead of things that other people ('experts') think they need. Amazing talk.
Also, they will spend the money locally, which means the local economy and production is stimulated, instead of being drowned and ruined by goods being dumped from external surpluses.
The UN said that the UK Conservative Goverment (of which Rory Stewart was a part of) austerity programme claimed the lives of an additional 333,000 poor and vulnerable citizens. He routinely voted with the Government for further cuts to essential welfare lifelines. He is not the solution but the cause to wealth inequality. I know, as I have lived experience of poverty, unlike Privately educated Mr Stewart.
12:30 "Cash respects people's choice. It doesn't just consult them or listen to them. It puts them in charge. It literally lets them make the choice. It respects their equality, and it respects their dignity." ❤
@@PraetorianAUDo you mean if someone is also poor or if they just don’t have a lot? Because a little money still has an impact, especially if many people decide to contribute a little.
The most compelling pieces of data on Give Directly's cash payments include the percentage of people who owned cows and cars or bicycles before and after ONE TIME cash payments. People are using the money to increase their opportunities and income potential. They are experts in their own lives. Only they know the most meaningful use for their money.
I've been giving to Give Directly for about a year now thanks to a very informative video by Rational Animations. Thank you Rory for helping to continue to elucidate these findings for use in 2024.
⚠️ Rory Stewart has more knowledge and experience in the field than most self-serving politicians. He is PM we needed to help fix things, but unfortunately, many didn't see him in this light... Our world 🌎 needs people like Rory to run things. He has always had my vote.
Kier could show his intent to lead for everyone by choosing people from cross party benches, people like Rory and Baroness Warsi to attend cabinet as special advisors or even Ministers.
Don't be confused. Rory is a Conservative. Sure, he's in here preaching socialist views but his party are the ones who rally most against socialism. Corbyn was the PM we needed and they attacked him relentlessly.
@@TheDandonian Rory is more left wing than you might think. He just values traditionalism. Generally he's economically centre. Most of the conservative party today lean significantly further right unfortunately.
@@Sancarn There's no such thing as a left wing Tory. He's the dangerous one because he knows the nice words and his mild demeanour makes him sound reasonable but he's the wolf in sheep clothing. Look at his voting record. He votes against taxing the wealthy every time but votes to increase the rate of VAT (the tax which hits the poorest the hardest). He voted for more restrictions on trade unions. He votes to lower disability benefits. Think about that. Lower the taxes on the rich, increase the taxes on the poor, restrict the workers rights and take from the disabled. He is absolute SCUM.... but hey, he sounds pleasant.
@@Sancarn Look at his voting record. Always votes against taxing the wealthy but voted for increasing VAT (the tax which hits the poorest the hardest). Constantly voted to lower disability benefits and welfare in general. Voted to impose the bedroom tax on the poor. Voted to restrict workers rights. He is the wolf in sheep clothing, don't let his pleasant demeanour and posh voice convince you otherwise.
This is one of the (if not THE) best frakin antithesis I've ever heard! And the line "WE STOLE THE MONEY" is BRUTAL!!! I myself, was very poor. I am happy some business operators trusted me with their bananas and bread that I was able to sell, on consignment, when I was a kid.
Having spent most of my life working in the area of patronising, colonial aid, I wish I'd come to this realisation sooner. Thank you, Rory, for a magnificent talk.
Many people watching are so, so glad, so grateful you've addressed the lop-sided and vulgar mismanagement by agencies that actually don't help real people at all.
It feels somewhat insane that suddenly the world is waking up to the fact that the best way to combat extreme poverty, is to give money directly to those suffering from poverty.
@@korganosI am a smoker. I am also fairly poor. When I have so little money I can only afford food or cigarettes guess which one I buy. Hint: You can’t eat cigarettes.
My exposure and most of my fellow developed country citizen’s secondhand exposure to extreme poverty comes from countless aid organizations trying to raise money in schools, churches, and media and advertising, probably hundreds of cumulative hours I’ve sat through of the figureheads of these organizations explaining “here’s how you can help.” Some of them may have been slightly better than the line of white jeeps but some of them were outright selfish and obfuscatory, like Kony 2012, which I remember sweeping over my middle school. Never until now have I seen such an elegant and intuitive explanation of how we can actually solve the problem. Great video
Wasn't the kony thing a literal scam? As in it wasn't just what is being described here, there was just no intention of actually doing anything good with the money. I might be wrong, it is quite some time ago...
It's a blessing to get help when struggling. Especially the working class is the main ones suffering. We don't qualify for financial assistance. We just get another job and lose time with our loved ones unfortunately.
I love what this guy says and I agree with it, but, I believe he's taking a single example and affirming it'll work the same way in the whole world. Here in Mexico we've been doing that nationwide for the past 6 years and it hasn't worked at all. In fact poverty has increased.
Excellent. Giving directly treats people with dignity. They know what they need to improve their lives and they don’t need others to prescribe solutions for them.
Whilst it is really refreshing to see a politician who actually understands his policy area, its pretty bold of Rory Stewart to Knick the whole thesis of Nobel Laureates like Elinor Ostrom and just say "academics"
I've said this for years. It's the same in the UK for arts. If you just gave the artists cash, we'd have a revolution in society and art in a couple of years. Unemployment, healthcare, crime, all of it.
Now just take this to its logical conclusion that everyone needs a basic minimum amount of resources and then the world works. Tax the rich in all nations and give directly to everyone in the world to lift all boats.
Hi Rory - an incredible speech . I chose to end consumption and address my abundance to help others in poverty I have spent years working out ways to make a difference and to give you an example I challenged my myself ' can i double every donation' The answer now is YES. Could i facilitate a billion people in the west to secure a dollar , for free, a day to feed a person in poverty - the answer is yes - It reads ridiculous so thats holding back reality in my gift
Extreme poverty persists because the structure of power tends to favor people at the top. Liberation will come by uniting to build an open source and decentralized global structure of power that is based on the principles of the Universal Declaration of Human Rights and the Earth Charter.
"People keep waiting for a technological advancement to end poverty" We've already had that lime 6 times but corporate greed and privatization of the solutions for profit and made them unreachable for the people who need it most.
You’ve found the issue. It goes against personal incentive to just give people money. If not, it would have been done by now. Instead everyone is generally tribalistic and self serving. Human nature is the primary driver.
A phrase I use a lot lately is "These forms are to PREVENT you from getting government money. If the government wanted to give you money they would deposit it in your bank account. They already know everything about you. If you deserve the money for a legit need, they already know it. The forms and processes just exist to stop everyone from getting that money." Same with taxes. The government already knows how much you owe. They COULD just send you a bill or deposit the money into your bank account. The forms are so that the tax preparation industry that lobbies the government can exist.
I am a Nigerian in his late 50s and have been in business environment assisting people in their various businesses for some decades. I want to set up my own businesses on the fields that I have the knowledge but I don't have capital to move on.
Great talk! Poverty isn't lack of character, just lack of cash. All these are of course arguments that can also be used to endorse Universal Basic Income
Brilliant talk. There will always be people who misspend but the figures for the Gisagara district in Rwanda speak for themselves. Let's not forget how super privileged we that live in developed nations are. I wonder if Rory has any ideas on how to address the sticky question of population explosion in Africa. The number of people have tripled since 1980.
One of the few politicians that I have consistently trusted over the years He’s in it for the right reasons Forward this Ted Talk to all the people you know and ask them to do the same, let’s help the helpers.
This is excellent. The fish phrase has always been propaganda ( taught to me in school at a young age) -it leads the listener to assume that both the 'giver' and the 'receiver' have the same opportunity. As for why the effective methods are a secret, I think this is best explained by the death of Martin Luther king Jr; He was not assassinated for helping African Americans to vote but rather for his involvement in the Poor People's Campaign -which made a point of being a multi cultural movement. You see, $40,000 for a toilet IS the goal. Doing something WITHOUT doing anything IS the goal. If the world were to ever see that poverty is actually fixable....well, you can say goodbye to your yacht industry.
I am actually surprised, Rory was a politician who had expertise and he wouldn't just toe the party line. Perhaps the kind of person we need in politics.
Fantastic talk. Not a massive fan of Stewart but he is bang on the money (pun intended) here. When you teach someone a skill or give them advice, you're just preparing them to be an exploited employee, not a happy, productive part of society.
To end poverty invest in quality infrastructural projects. Quality roads, High speed railway lines, Internet access(5g/fibre optic cables) with affordable devices, renewable energy(solar/wind/water), sustainable large scale farms, schools, hospitals, factories, refineries. Pay workers well and train them to manage and maintain the infrastructure.
I like what Rory has said here. It’s very idealistic though. The reason for the massive overspend from government agencies doing things is to fund the middle class public sector workers and also allow some scrapping of funds to “influential people” that have something to do with the project(eg bucket manufacturer, hi viz jacket manufacturer). It’s not actually about the end result.
Really really great, but can you talk about the Risk of inflation? I’ve heard people say just chucking money at all the problems in the world could cause different problems. I wonder what an economist would argue against this?
Evidence shows GiveDirectly’s cash transfers have a positive impact on local economies in low-income countries and don’t create inflation. In 2014, GiveDirectly partnered with researchers to study how large transfers affect local economies: 10,500 poor households across 653 randomized villages in rural Kenya received a one-time $1000. This amount of money was significant: about 15% of local GDP. After 2.5 years of monthly surveys of businesses and households, researchers found an average price inflation of just 0.1% adding, “even during periods with the largest transfers, estimated price effects are
7:40 It doesn't surprise me at all that giving people a little more will lead to far reaching societal benefits. I have been saying it for years. But we have the address the elephant in the room. This approach is completely antithetical to the approach of the British Conservative party, the party in which Rory was an MP. Their budgets over the last decade have consistently been more favourable for people who already have enough and unfavourable for British people living in poverty. To give just one example, if they had remained in power, they would have taken benefits - cash - away from disabled people thinking that giving less money and more advice would lead more people back into work.
❤❤❤ Amazing! Who'd have thought that a now former member of the conservative party would give me so much hope. In the Netherlands, they have the nutty idea that people who pay their bills late, if even occasionally, must have some kind of cognitive deficit. People now get hassled in an Orwellian approach to the problem. Can Rory please go talk to the Dutch? Because the country has been highly egalitarian and very prosperous for so long, many folks there have no idea where poverty comes from and how to solve it. Minimum income levels are simply no longer enough to enable most people to pay their bills on time. That's what the Nationale Ombudsman has said in a recent report.
@@celticcheetah6371 probably to get Brexit to some sort of conclusion, Boris was the only option. He is very "creative", to put it politely 😉 But during COVID, I totally agree, we needed Rory Stewart to lead the country through the crisis. I hope it would be Rory who makes a Cincinnatus return.
Dude randomly discovered Universal Basic Income - This has been used at various times over the centuries and guess what - Giving poor people money means they aren't poor and there lives improve.
07:05 "And it turned out that it wasn't a fluke. Because academics over the last 10 or 15 years have begun to use randomized controlled trials. These are studies like a medical trial, in which you compare a treatment group to a control group and study them over time. And what they discovered in hundreds of studies in many countries in the world is that consistently, cash was leading to a real reduction in things like child mortality and depression and fantastic increases consistently in education, in health, in businesses, in savings, in incomes, in investment. More than that, it was actually leading to a multiplier effect. For every dollar delivered into a community, there was 2.50 dollars of benefit for the surrounding villages. It was a fiscal stimulus. And no, it was not, as you might imagine, leading to people just lying around in bed, drinking alcohol. In fact, people were investing the money productively."
Just curious, could someone explain how giving away all this money doesn't cause inflation in these countries? Like wouldn't the local businesses or whatever also up their prices if everyone suddenly got way more cash?
Evidence shows GiveDirectly’s cash transfers have a positive impact on local economies in low-income countries and don’t create inflation. In 2014, GiveDirectly partnered with researchers to study how large transfers affect local economies: 10,500 poor households across 653 randomized villages in rural Kenya received a one-time $1000. This amount of money was significant: about 15% of local GDP. After 2.5 years of monthly surveys of businesses and households, researchers found an average price inflation of just 0.1% adding, “even during periods with the largest transfers, estimated price effects are
It would, in theory, under the assumption that supply stays the same. In truth, some of these funds are used to produce more. The increased production is deflationary. Additionally, money is not always the primary currency in a community that functions on barter, so having cash let's them trade with the city for things they can't get locally. That could cause an increase in imports. Prices would also increase but probably not at the rate of cash going in. It's a great question to ask because it absolutely has an impact at scale (which I doubt give directly is hitting yet) and when funds are widely used in non-productive manner. The hypothesis of give directly is that people will make more productive decisions individually than a state or ngo actor.
There are a lot of idle hands when there's extreme poverty, and adding cash invreases productio iirc. GiveDirectly had an article about this but I don't remember where it is
How come all the anecdotal examples he gave are about skilled people. What about unskilled people living in extreme poverty? Can they get out of it with just one time cash transfer? I highly doubt it.
The great thing about money is to give back to economy growth better higher education in learning. By helping with children after school Programs, giving our children money for lunch so they can eat.
It will not be long before technology displaces the five-day working week for tens of millions. What then? There will not be less wealth; most likely, there will be more. What will need to change will be how resources are distributed. I would like to see the beginning of a social contract. Individuals agree to receive a given amount of credit in exchange for a willingness to help, according to their abilities in socially beneficial programs.
Similar to in the Uk where the give economic stimulus to the banks to pass on (for their bonuses) rather than what I understand happens in the US where the government sent people a cheque
This is all good and well, but it ignores the role conflict and corruption plays in causing extreme poverty. In most places where extreme poverty is prevalent it is because of those factors (not a lack of capital).
which is exactly why rory is advocating for going around organisations thatmediate, instead saying you should just literally give people money with no middlemen or bureacracy
I love what @givedirectly is doing and hope more people (especially some of these commenters 👀) actually watch the video and read more about the success of direct cash.
⬆ Learn more about the direct cash program Rory visited in Rwanda at our channel. If you have questions, ask here and we'll do our best to reply.
I'm heading over now. What if I can only commit to $10 or $15 monthly?
How did Give Directly start or discover the approach to .. well .. give directly?
Any amount helps, imagine if everyone you knew was giving just that amount the difference it would make!
@@itsmeyourfriend adds up to make a big difference! In Rwanda, $40 can buy a new latrine and $150 gets a sewing machine to launch a tailoring business.
@@alistairdaynes We didn't discover or start direct cash transfers, but the advent of mobile money in Kenya in 2007 allowed us to start scaling up. A growing body of positive research evidence encourage us to fine tune and keep going.
The great thing about money is that people can spend it on things they need instead of things that other people ('experts') think they need. Amazing talk.
@@rcbregman best gift anyone ever gets is cash inside the Birthday/Christmas card.
Oh my God... Are you really Rutger Bregman? I read your book man, I like your ideas!
Also, they will spend the money locally, which means the local economy and production is stimulated, instead of being drowned and ruined by goods being dumped from external surpluses.
The UN said that the UK Conservative Goverment (of which Rory Stewart was a part of) austerity programme claimed the lives of an additional 333,000 poor and vulnerable citizens. He routinely voted with the Government for further cuts to essential welfare lifelines. He is not the solution but the cause to wealth inequality. I know, as I have lived experience of poverty, unlike Privately educated Mr Stewart.
The first one can. The second one needs more money. The third one even more. Inflation, you know....
12:30 "Cash respects people's choice. It doesn't just consult them or listen to them. It puts them in charge. It literally lets them make the choice. It respects their equality, and it respects their dignity." ❤
Sure if you have money. What about if you don't?
@@PraetorianAUDo you mean if someone is also poor or if they just don’t have a lot? Because a little money still has an impact, especially if many people decide to contribute a little.
That's what the video is about. That's a question the TITLE of the video answers. @@PraetorianAU
8:30 "She already knows how to fish. What she doesn't have is the money for the fishing hook." 👏
Or to buy the boat, have extra bait etc.
The most compelling pieces of data on Give Directly's cash payments include the percentage of people who owned cows and cars or bicycles before and after ONE TIME cash payments. People are using the money to increase their opportunities and income potential. They are experts in their own lives. Only they know the most meaningful use for their money.
"We stole the money. We literally stole $38,000 out of $40,000" exactly
I've been giving to Give Directly for about a year now thanks to a very informative video by Rational Animations. Thank you Rory for helping to continue to elucidate these findings for use in 2024.
⚠️ Rory Stewart has more knowledge and experience in the field than most self-serving politicians.
He is PM we needed to help fix things, but unfortunately, many didn't see him in this light...
Our world 🌎 needs people like Rory to run things. He has always had my vote.
Kier could show his intent to lead for everyone by choosing people from cross party benches, people like Rory and Baroness Warsi to attend cabinet as special advisors or even Ministers.
Don't be confused. Rory is a Conservative. Sure, he's in here preaching socialist views but his party are the ones who rally most against socialism. Corbyn was the PM we needed and they attacked him relentlessly.
@@TheDandonian Rory is more left wing than you might think. He just values traditionalism. Generally he's economically centre. Most of the conservative party today lean significantly further right unfortunately.
@@Sancarn There's no such thing as a left wing Tory. He's the dangerous one because he knows the nice words and his mild demeanour makes him sound reasonable but he's the wolf in sheep clothing. Look at his voting record.
He votes against taxing the wealthy every time but votes to increase the rate of VAT (the tax which hits the poorest the hardest). He voted for more restrictions on trade unions. He votes to lower disability benefits. Think about that. Lower the taxes on the rich, increase the taxes on the poor, restrict the workers rights and take from the disabled. He is absolute SCUM.... but hey, he sounds pleasant.
@@Sancarn Look at his voting record. Always votes against taxing the wealthy but voted for increasing VAT (the tax which hits the poorest the hardest). Constantly voted to lower disability benefits and welfare in general. Voted to impose the bedroom tax on the poor. Voted to restrict workers rights. He is the wolf in sheep clothing, don't let his pleasant demeanour and posh voice convince you otherwise.
This is one of the (if not THE) best frakin antithesis I've ever heard! And the line "WE STOLE THE MONEY" is BRUTAL!!! I myself, was very poor. I am happy some business operators trusted me with their bananas and bread that I was able to sell, on consignment, when I was a kid.
Having spent most of my life working in the area of patronising, colonial aid, I wish I'd come to this realisation sooner. Thank you, Rory, for a magnificent talk.
Many people watching are so, so glad, so grateful you've addressed the lop-sided and vulgar mismanagement by agencies that actually don't help real people at all.
It feels somewhat insane that suddenly the world is waking up to the fact that the best way to combat extreme poverty, is to give money directly to those suffering from poverty.
That’s probably because it is insane.
That's probably because the politicians are greedy af.
@@vintagemxer1846 How????
@@kylemakre6714I believe they meant that it is insane that suddenly the world is waking up to the fact… etc. They’re reaffirming the original comment.
@@Jomchenthat’s a kind way of looking at it, until you look at their other comments here saying it “breeds laziness” etc.
Love this guy, listen to his podacst all the time, first time in a long while I have felt genuine hope about the world
“People don’t want to learn how to fish, they might want to open a bakery” 🔥
Or their people have known how to fish for generations but some poisoned where they fish or damned up the river where they fish.
@@serenarobak3640 💯💯💯
Or they might want to spend it in local gambling, or buy tobacco/cigarettes
@@korganosI am a smoker. I am also fairly poor. When I have so little money I can only afford food or cigarettes guess which one I buy.
Hint: You can’t eat cigarettes.
@@Jomchengood for you. In my country theres a popular saying among the poor : "better not eating than not smoking"
My exposure and most of my fellow developed country citizen’s secondhand exposure to extreme poverty comes from countless aid organizations trying to raise money in schools, churches, and media and advertising, probably hundreds of cumulative hours I’ve sat through of the figureheads of these organizations explaining “here’s how you can help.” Some of them may have been slightly better than the line of white jeeps but some of them were outright selfish and obfuscatory, like Kony 2012, which I remember sweeping over my middle school. Never until now have I seen such an elegant and intuitive explanation of how we can actually solve the problem. Great video
Wasn't the kony thing a literal scam? As in it wasn't just what is being described here, there was just no intention of actually doing anything good with the money. I might be wrong, it is quite some time ago...
It's a blessing to get help when struggling. Especially the working class is the main ones suffering. We don't qualify for financial assistance. We just get another job and lose time with our loved ones unfortunately.
“WE STOLE THE MONEY” 👏🏻👏🏻
I love what this guy says and I agree with it, but, I believe he's taking a single example and affirming it'll work the same way in the whole world. Here in Mexico we've been doing that nationwide for the past 6 years and it hasn't worked at all. In fact poverty has increased.
Very powerful data and storytelling. Direct cash works.
I will start giving through this organization. They seem very proper in what they are doing.
Excellent. Giving directly treats people with dignity. They know what they need to improve their lives and they don’t need others to prescribe solutions for them.
Whilst it is really refreshing to see a politician who actually understands his policy area, its pretty bold of Rory Stewart to Knick the whole thesis of Nobel Laureates like Elinor Ostrom and just say "academics"
Turns out the most efficient way to help poor people out of poverty is to give them money. What a revelation
A powerful speech from possibly the only respectable Tory there is.
Incredible work, GiveDirectly!
I've said this for years. It's the same in the UK for arts. If you just gave the artists cash, we'd have a revolution in society and art in a couple of years. Unemployment, healthcare, crime, all of it.
How would giving a lump sum of cash to artists fix unemployment and healthcare in the UK?
Just a friendly reminder that mobile money (peer-to-peer transfer) actually was invented in 2007 in Kenya.
🤝
Zopa was founded in 2005. Zopa is a peer-to-peer lender.
Now just take this to its logical conclusion that everyone needs a basic minimum amount of resources and then the world works. Tax the rich in all nations and give directly to everyone in the world to lift all boats.
Hi Rory - an incredible speech . I chose to end consumption and address my abundance to help others in poverty I have spent years working out ways to make a difference and to give you an example I challenged my myself ' can i double every donation' The answer now is YES. Could i facilitate a billion people in the west to secure a dollar , for free, a day to feed a person in poverty - the answer is yes - It reads ridiculous so thats holding back reality in my gift
Extreme poverty persists because the structure of power tends to favor people at the top. Liberation will come by uniting to build an open source and decentralized global structure of power that is based on the principles of the Universal Declaration of Human Rights and the Earth Charter.
This was an amazing lecture. Ty ❤
Very inspiring. I've already donated via Give Directly but I'm going to do it again next week.
This is the type of person that we need to run the country, genuinely concerned for all.
spot on mate. 100% agree.
"People keep waiting for a technological advancement to end poverty"
We've already had that lime 6 times but corporate greed and privatization of the solutions for profit and made them unreachable for the people who need it most.
You’ve found the issue. It goes against personal incentive to just give people money. If not, it would have been done by now. Instead everyone is generally tribalistic and self serving. Human nature is the primary driver.
Excellent again from Rory.
The key here is to give the cash to the people directly, not to their government.
And not to the banks for them to control.
Amazing heartfelt inspiring talk👏
To end poverty, have rich people pay their damn taxes and pay a decent wage.
A phrase I use a lot lately is "These forms are to PREVENT you from getting government money. If the government wanted to give you money they would deposit it in your bank account. They already know everything about you. If you deserve the money for a legit need, they already know it. The forms and processes just exist to stop everyone from getting that money."
Same with taxes. The government already knows how much you owe. They COULD just send you a bill or deposit the money into your bank account. The forms are so that the tax preparation industry that lobbies the government can exist.
That thing about taxes is a uniquely American issue, FWIW.
My eyes are opened. Please watch and share! If you really want to help "the poor", listen to this man
I am a Nigerian in his late 50s and have been in business environment assisting people in their various businesses for some decades.
I want to set up my own businesses on the fields that I have the knowledge but I don't have capital to move on.
This man is fantastic,
We could have had him as UK Prime Minister, but his party chose Boris Johnson instead. My country is stupid.
I'm a big supporter of GiveDirectly
Great talk! Poverty isn't lack of character, just lack of cash. All these are of course arguments that can also be used to endorse Universal Basic Income
Amen.
Well said.
Thank you. 🙏🏽🙏🏽
Brilliant talk. There will always be people who misspend but the figures for the Gisagara district in Rwanda speak for themselves. Let's not forget how super privileged we that live in developed nations are. I wonder if Rory has any ideas on how to address the sticky question of population explosion in Africa. The number of people have tripled since 1980.
One of the few politicians that I have consistently trusted over the years
He’s in it for the right reasons
Forward this Ted Talk to all the people you know and ask them to do the same, let’s help the helpers.
This is excellent.
The fish phrase has always been propaganda ( taught to me in school at a young age) -it leads the listener to assume that both the 'giver' and the 'receiver' have the same opportunity.
As for why the effective methods are a secret, I think this is best explained by the death of Martin Luther king Jr; He was not assassinated for helping African Americans to vote but rather for his involvement in the Poor People's Campaign -which made a point of being a multi cultural movement.
You see, $40,000 for a toilet IS the goal. Doing something WITHOUT doing anything IS the goal. If the world were to ever see that poverty is actually fixable....well, you can say goodbye to your yacht industry.
I love Rory Stewart
I am actually surprised, Rory was a politician who had expertise and he wouldn't just toe the party line. Perhaps the kind of person we need in politics.
great talk, i hope other bureaucrats learn from this
Amen and thank you!
Great talk!
Very good Ted. We done, Rod
Fantastic talk. Not a massive fan of Stewart but he is bang on the money (pun intended) here. When you teach someone a skill or give them advice, you're just preparing them to be an exploited employee, not a happy, productive part of society.
To end poverty invest in quality infrastructural projects. Quality roads, High speed railway lines, Internet access(5g/fibre optic cables) with affordable devices, renewable energy(solar/wind/water), sustainable large scale farms, schools, hospitals, factories, refineries. Pay workers well and train them to manage and maintain the infrastructure.
I like what Rory has said here. It’s very idealistic though.
The reason for the massive overspend from government agencies doing things is to fund the middle class public sector workers and also allow some scrapping of funds to “influential people” that have something to do with the project(eg bucket manufacturer, hi viz jacket manufacturer). It’s not actually about the end result.
Wow, well said
Really really great, but can you talk about the Risk of inflation? I’ve heard people say just chucking money at all the problems in the world could cause different problems. I wonder what an economist would argue against this?
Evidence shows GiveDirectly’s cash transfers have a positive impact on local economies in low-income countries and don’t create inflation.
In 2014, GiveDirectly partnered with researchers to study how large transfers affect local economies: 10,500 poor households across 653 randomized villages in rural Kenya received a one-time $1000. This amount of money was significant: about 15% of local GDP. After 2.5 years of monthly surveys of businesses and households, researchers found an average price inflation of just 0.1% adding, “even during periods with the largest transfers, estimated price effects are
7:40 It doesn't surprise me at all that giving people a little more will lead to far reaching societal benefits. I have been saying it for years. But we have the address the elephant in the room. This approach is completely antithetical to the approach of the British Conservative party, the party in which Rory was an MP. Their budgets over the last decade have consistently been more favourable for people who already have enough and unfavourable for British people living in poverty. To give just one example, if they had remained in power, they would have taken benefits - cash - away from disabled people thinking that giving less money and more advice would lead more people back into work.
Wonderful person, well informed... check out Rory on "the rest is politics" and "leading"
4:38 WE STOLE THE MONEY!!! Where are these studies? And why this wasn’t on the news??? How can we use our money to really help those in need?
Outstanding.
❤❤❤ Amazing! Who'd have thought that a now former member of the conservative party would give me so much hope.
In the Netherlands, they have the nutty idea that people who pay their bills late, if even occasionally, must have some kind of cognitive deficit. People now get hassled in an Orwellian approach to the problem. Can Rory please go talk to the Dutch? Because the country has been highly egalitarian and very prosperous for so long, many folks there have no idea where poverty comes from and how to solve it.
Minimum income levels are simply no longer enough to enable most people to pay their bills on time. That's what the Nationale Ombudsman has said in a recent report.
Now you can see why Rory Stewart was expelled from the UK Conservative party. He talks too much common sense.
It makes me so angry that we were a few thousand votes away from having him as Prime Minister during the Covid years, instead of Boris Effing Johnson.
@@celticcheetah6371 probably to get Brexit to some sort of conclusion, Boris was the only option. He is very "creative", to put it politely 😉
But during COVID, I totally agree, we needed Rory Stewart to lead the country through the crisis. I hope it would be Rory who makes a Cincinnatus return.
One of the most incisive and sensible political voices in the world, and he's a Tory!
I wish I could give more than one like to this video
Dude randomly discovered Universal Basic Income - This has been used at various times over the centuries and guess what - Giving poor people money means they aren't poor and there lives improve.
Very convincing!
07:05
"And it turned out that it wasn't a fluke. Because academics over the last 10 or 15 years have begun to use randomized controlled trials. These are studies like a medical trial, in which you compare a treatment group to a control group and study them over time. And what they discovered in hundreds of studies in many countries in the world is that consistently, cash was leading to a real reduction in things like child mortality and depression and fantastic increases consistently in education, in health, in businesses, in savings, in incomes, in investment. More than that, it was actually leading to a multiplier effect. For every dollar delivered into a community, there was 2.50 dollars of benefit for the surrounding villages. It was a fiscal stimulus. And no, it was not, as you might imagine, leading to people just lying around in bed, drinking alcohol. In fact, people were investing the money productively."
worth watching, thank you sir!
Just curious, could someone explain how giving away all this money doesn't cause inflation in these countries? Like wouldn't the local businesses or whatever also up their prices if everyone suddenly got way more cash?
I would assume because it's given in dollars, rather than the local currency, that would mitigate it? Could be wrong though
Evidence shows GiveDirectly’s cash transfers have a positive impact on local economies in low-income countries and don’t create inflation.
In 2014, GiveDirectly partnered with researchers to study how large transfers affect local economies: 10,500 poor households across 653 randomized villages in rural Kenya received a one-time $1000. This amount of money was significant: about 15% of local GDP. After 2.5 years of monthly surveys of businesses and households, researchers found an average price inflation of just 0.1% adding, “even during periods with the largest transfers, estimated price effects are
TED wants the West to support the rest.
It would, in theory, under the assumption that supply stays the same. In truth, some of these funds are used to produce more. The increased production is deflationary. Additionally, money is not always the primary currency in a community that functions on barter, so having cash let's them trade with the city for things they can't get locally. That could cause an increase in imports. Prices would also increase but probably not at the rate of cash going in. It's a great question to ask because it absolutely has an impact at scale (which I doubt give directly is hitting yet) and when funds are widely used in non-productive manner. The hypothesis of give directly is that people will make more productive decisions individually than a state or ngo actor.
There are a lot of idle hands when there's extreme poverty, and adding cash invreases productio iirc. GiveDirectly had an article about this but I don't remember where it is
Very worthwhile too watch
Fantastic
How come all the anecdotal examples he gave are about skilled people. What about unskilled people living in extreme poverty? Can they get out of it with just one time cash transfer? I highly doubt it.
Rory should do a book on the title: "'We stole the money': The charade of foreign aid"
Occasionally Rory makes sense
❤ Rory
Money equals autonomy, ngo normally equals control from the giving body
Worryingly, I find myself agreeing with Rory Stewart a bit too much for my liking. Great TED Talk, all the same.
Fantastic !!!
The great thing about money is to give back to economy growth better higher education in learning. By helping with children after school Programs, giving our children money for lunch so they can eat.
Hilarous that he's come to this realisation now apparently after helping to implement austerity for 14 years
Lack of money makes people make bad decisions and increases poverty. The solution: giving poor people money. In the end it will save us money.
The real estate and rental housing black hole will scoop up that extra money so fast it'll make your head spin.
Amazing
IMHO, the best way to pay for a global basic income would be through a global carbon tax or fossil fuel fee, as in global carbon fee-and-dividend.
It will not be long before technology displaces the five-day working week for tens of millions. What then? There will not be less wealth; most likely, there will be more. What will need to change will be how resources are distributed. I would like to see the beginning of a social contract. Individuals agree to receive a given amount of credit in exchange for a willingness to help, according to their abilities in socially beneficial programs.
Similar to in the Uk where the give economic stimulus to the banks to pass on (for their bonuses) rather than what I understand happens in the US where the government sent people a cheque
Inspiring!
This is all good and well, but it ignores the role conflict and corruption plays in causing extreme poverty. In most places where extreme poverty is prevalent it is because of those factors (not a lack of capital).
which is exactly why rory is advocating for going around organisations thatmediate, instead saying you should just literally give people money with no middlemen or bureacracy
How we got Boris over Rory still makes me mad to this day
Not ending poverty if the system itself requires it to function
I love what @givedirectly is doing and hope more people (especially some of these commenters 👀) actually watch the video and read more about the success of direct cash.
This is so true. Cash works. Only obstecle is people o try to exploit system.
So true
Wow! that's great !
Please can we be given the opportunity to vote for Rory Stewart for prime minister
Great talk but also a bloody obvious approach to take. Believe it or not this man was kicked out his party and left the UK government. Thanks Boris.