Compared to the adopted epidemiological strategy, the following are revalued: (a) the State as Country Email List a binding mechanism in the extraction and allocation of resources and the coordination of agents; (b) families as a basic form of Country Email List insurance production and pooling of resources; and (c) the community as a potential space for solidarity and non-commodified forms of exchange. The pandemic, with variations by country, affected not only the large population that already lacked access Country Email List to basic living conditions, but also groups that were very “vulnerable” to minimal changes in their way of life.
Others, even when they have the capacity to respond in the short term, will not be able to sustain it if the Country Email List situation continues over time. It is that vulnerabilities to external shocks are not a circumstantial but a structural feature of Latin America. The magnitude and depth of the shock may be circumstantial, but the precariousness of insurance and access to collective Country Email List goods is structural. Latin America has already shown and shows a highly vulnerable social structure to shocksidiosyncratic or vital characteristics of people's life cycle (illness, old age, unemployment, etc.). The challenge facing the region Country Email List in terms of income and well-being is therefore threefold: raise those sectors with extreme deficits before the pandemic.
Prevent the fall of sectors affected by its effects, and guarantee reasonable income Country Email List replacement rates for middle sectors. who suffer job and wage losses. Addressing this challenge is essential to provide intertemporal certainty and avoid a negative over-adjustment of consumption and aggregate demand. In our view, the most direct Country Email List solution to this triple challenge is a universal basic income policy financed with a progressive tax reform, together with the strengthening and expansion of access to public goods and services for the entire population.5. Just as, at the end of the 19th Country Email List century and the beginning of the 20th century.