tag

Stability

We define stability as the resiliency, robustness, and constancy of our nested social, financial, and environmental systems. Stability is the degree to which our systems can withstand stress and maintain their functionality over time.

Why do we need stability? All else equal, a stable society is preferable to an unstable society. Stability - the product of the harmonious interaction between parts, or interwoven systems - protects against uncertainty and decay. For example, a healthy body regulates its blood glucose levels to provide cells with their required energy. Too much glucose makes cells sticky, with a paralyzing effect. Too little glucose starves them. What's important is the constancy of glucose regulation within functional limits, and the resiliency to maintain this regulation amidst adversity.

Instability occurs when systems transgress functional limits, causing the breakdown of other systems and suffering for those who depend on them. When interlocking systems remain stable, they provide a fertile foundation for positive expectations that fuel investments in progress and broad cooperation throughout society.
A study of an Iranian cash transfer program that covered over 70 million people, and paid out the equivalent of $16,390 per family in its first year, found that “the program did not affect labor supply in any appreciable way.” Trapezoidal income support structures (like the Earned Income Tax Credit) may fail as an economy-wide stabilizer during periods of economic recession. In the USA, the 1970's reforms to the welfare system that introduced targeted cash transfer programs conditional on work were associated with higher infant mortality rates. Relative to annual payments, more frequent, periodic payments of the EITC indicates that periodic payments reduce perceived financial stress, diminish debt accumulation and late fees, and improve mental health. Strength of codetermination is positively correlated with 'substantive' social responsibility policies such as the adoption of targets for reducing pollution. An open letter signed by 133 economists urged that Biden's expanded Child Tax Credit of $300 per month would benefit low-income families without raising inflation.
CEO compensation has grown 940% since 1978 Codetermination in Sweden: Myth and Reality Voice at Work The Comparative Impact of Cash Transfers and a Psychotherapy Program on Psychological and Economic Well-being Economic Insecurity: A Socioeconomic Determinant of Mental Health Codetermination and the Democratic State
Julia Wolfe Lawrence Mishel Klas Levinson Benjamin Schoefer Simon Jäger Jarkko Harju Jeremy P. Shapiro Robert Mudida
Codetermination Basic Income Social Wealth Fund Land Value Tax Job Guarantee
Loading...