Topic– Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.
4) A simple UBI will not solve the fundamental problems of the economy. analyze.(250 words)
Why this question
The article discusses the other side of UBI as a tool of the capitalists in the wake of growing inequality. It is important to analyze the UBI for its cons and limitations.
Analyze-here we have to examine methodically the structure or nature of the topic by separating it into component parts, and present them as a whole in a summary.
Key demand of the question.
The question wants us to dig deep into the UBI as a simplified version and bring out why it will not help in solving the fundamental problems afflicting Indian state.
Structure of the answer
Introduction– write a few introductory lines about the UBI. E.g mention the growing popularity and support for the scheme among academic and political circles and also mention about the Sikkim.
Discuss in points, the cons of UBI and also why it would not help in solving the fundamental problems afflicting India.
- It side-steps the challenge of actually providing the services required: education, health, food, etc. Just give the people cash: let them buy what they need.
- However, if the cash will not provide citizens with good quality and affordable education and health, because neither the government nor the private sector is able or willing to, this will not solve the basic human development problems that must be solved.
- UBI fails to strengthen institutions of the state to deliver the services the state must (public safety, justice, and basic education and health), which should be available to all citizens regardless of their ability to pay for them.
- Fails to strengthen institutions of the state also to regulate delivery of services by the private sector and ensure fair competition in the market.
Conclusion– based on your discussion, form a fair and a balanced conclusion on the given issue.