July 22, 2024

Danny Sriskandarajah, CEO of the New Economics Foundation, on his new book "Power to the People", Universal Basic Income and creating a better future

28 minutes

Danny Sriskandarajah, CEO of the New Economics Foundation, on his new book "Power to the People", Universal Basic Income and creating a better future.

Overview

In this intellectually stimulating episode, host Alberto Lidji interviews Danny Sriskandarajah, the Chief Executive of the New Economics Foundation (NEF). The discussion delves into various topics surrounding new economic thinking, including universal basic income (UBI), innovative economic models, and the importance of brave philanthropy. Danny also shares insights from his new book, "Power to the People."

Key Discussion Points

1. Introduction to NEF

- NEF is a "think and do" tank founded 40 years ago by alternative economists and environmentalists.

- It aims to challenge economic orthodoxies, create inclusive economies, and protect the planet.

2. Living Income vs. Universal Basic Income (UBI)

- Danny explains the concept of a "living income," which goes beyond UBI by integrating comprehensive social services.

- NEF is piloting the world's first and largest living income initiative in Manchester, combining UBI with enhanced public services.

3. New Economic Models

- The need for new economic models to address contemporary challenges such as ecological constraints, demographic changes, and political trust deficits.

- Danny critiques orthodox economics, emphasizing the necessity for innovative approaches that work for people and the planet.

4. Brave Philanthropy

- The role of philanthropy in driving transformative change.

- The importance of taking risks and funding innovative solutions that challenge existing social norms and structures.

5. Danny's Career and Motivations

- His journey from Sri Lanka to becoming a global advocate for social justice.

- The golden thread of social justice and internationalism running through his career.

6. Book Insight: "Power to the People"

- The book reflects on Danny's experiences and proposes ideas to renew democracy, democratize the economy, and reform digital and global spaces.

- It emphasizes the need for human-centered approaches to technology and economics.

7. Future of AI and Digital Regulation

- Discussion on AI's potential impacts and the importance of effective regulation to protect human dignity and agency.

- The concept of platform cooperatives and the need for public ownership of digital spaces.

8. Optimism and Urgency

- Danny's optimistic view that, despite current challenges, it is possible to create a better future through innovative thinking and collective action.

- Encouragement for individuals and organizations to think outside the box and drive systemic change.

Thank you for downloading this episode of the Do One Better Podcast. Visit our Knowledge Hub at Lidji.org for information on 250+ case studies and interviews with remarkable leaders in philanthropy, sustainability and social entrepreneurship.

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By Alberto Lidji

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