Minouche Shafik

“There is a long tradition of thinking about the relationship between the economy and society, starting with the founders of the Fabian Society and the LSE, Beatrice and Sidney Webb. Beatrice spent years collecting data in the poorest parts of London and seeing the impact of deprivation first hand. As a member of the 1909 Royal Commission on the Poor Laws, she authored a dissenting minority report that rejected the harsh system of workhouses and Britain’s piecemeal approach to supporting those in poverty. In it, she argued that a new social contract for the UK would ‘secure a national minimum of civilised life … open to all alike, of both sexes and all classes, by which we meant sufficient nourishment and training when young, a living wage when able-bodied, treatment when sick, and a modest but secure livelihood when disabled or aged’.4 More than one hundred years later, that is still an aspiration in most countries in the world.”
― Minouche Shafik, What We Owe Each Other: A New Social Contract for a Better Society

“To vanquish the ‘five giants’ of squalor, ignorance, want, idleness and disease, Beveridge’s plan was for everyone to contribute to a social insurance fund and in return receive the same entitlement to benefits such as healthcare or unemployment insurance.”
― Minouche Shafik, What We Owe Each Other: A New Social Contract for a Better Society