Scott Alexander critiques the inefficiency of psychiatric care for poverty-related issues, suggesting a Basic Income Guarantee as a potentially more effective solution.
Longer summary
Scott Alexander discusses the inefficiency of psychiatric care for patients whose primary issue is poverty. He relates a case where a suicidal patient, in debt for $5000, is hospitalized at a cost of $5000, which doesn't address the underlying financial problem. The post criticizes the current system as wasteful and patronizing, highlighting the dilemma between libertarian and liberal approaches to such issues. Scott suggests that a Basic Income Guarantee might be more effective and cost-efficient than current psychiatric interventions for poverty-related issues, potentially saving money in both psychiatric care and prison systems.
Shorter summary