Conclusion:
We should keep in mind that
the liberal economy itself is the main cause of poverty. It should be
improved through Basic Income and other means.
Because, In the liberal economy, there is
competition, both among firms and among workers, and the weak and
the losers in the competition tend to have
lower or lost incomes, i.e., they tend to fall into
poverty.
Examples of the result of such competition include unsold
products, stores that go out of business, bankruptcy, job layoffs, unemployment,
people failing better jobs, and people falling into low-wage labor.
I think
that you can easily imagine the sufferings, because those sufferings of the
unemployed during the COVID-19 disaster are fresh in our minds.
.
However,
this does not mean that I should completely
reject a liberal economy and the competition
that goes along with it.
Because it is through
competition that better goods can be
offered at lower prices, workers can compete for
better services, and people can enjoy these services.
In a
developed country such as Japan, you can find superior goods (because of
competition) at reasonable prices, service workers who are well attentive. From
foods to appliances, housing and utilities, and so on., people can enjoy such
better goods and services. This can easily be understood by simply going to the
neighborhood store or looking at what you wear or eat. This is a good aspect of
the liberal economy.
Nevertheless, as mentioned earlier,
competition brings with winners and losers,
with the lower ranks and losers resulting in lower incomes, losses, and
bankruptcies for businesses, and lower incomes and unemployment for workers.
Thus, in today's liberal economies of major countries, a situation has
arisen in which some people are poor while others are
rich, although goods and services are affluent in towns.
One of the measures to improve this situation is a
Basic Income.
One way to remedy this situation
is to introduce a Basic Income (a Basic Income is a policy in which the
government provides a certain amount of benefits to each citizen), because it
will ensure the basic livelihood of the less competitive while taking advantage
of the benefits of competition without denying it, thereby improving the poverty
problem.
Although Basic Income has
some unresolved issues such as securing financial resources and international
cooperation, we should not give up on introducing it
just because it has problems.
Instead of thinking of reasons why it
cannot be done, we should consider how it can
be done and how the problems and issues can be
resolved.
In conclusion, I have argued that a liberal economy
creates both affluence and poverty, and that a Basic Income system should be
introduced as a safety net in place of the current public assistance.