This episode dives into the hard realities and practical alternatives to EBT and food stamps, then breaks down the business and economics that make this system tick. Vinny and Chijioke analyze policy choices and challenge conventional thinking about who really profits from the current setup.
Chapter 1
Unknown Speaker
Alright, welcome back to The New Sentinel. It's Vinny, and I'm sittin' across from the man who can turn a proverb into policy, Mr. Chijioke Eze. Today, we're pullin' the lid off the stew pot that is the American food benefits gameâand brother, it needs a hard stir.
Chijioke Eze
Ah, Vinny, you know these food policies, they are never as simple as they look on paper, eh? But letâs get into it. Iâve been reading up on all these new direct cash transfer ideasâUniversal Basic Income, all that jazz. Look at Alaska, every year they hand people that Permanent Fund Dividend. Small, but steady, just for being alive in the great cold. No fuss, no paperwork for bread or beans.
Unknown Speaker
Yeah, and before folks start blowin' smokeâAlaskaâs not handin' out fortunes. Most years, itâs what, a couple thousand bucks? But whatâs interesting is itâs straight cash. You get to decide what you eat. It ainât a box of powdered eggs showin' up on your porch, and you donât gotta justify it to some clerk with a clipboard. Stockton in California tried a smaller pilotâkinda like a taste test for UBI. Just gave certain families five hundred dollars a month. Cash, strings off. People went for groceries, sure, but also for car repairs, rent, whatever kept 'em moving.
Unknown Speaker
And you know, when you put the trust in people, most they use it right. Thereâs also talk of âincentive-basedâ solutionsâcommunity gardens you mentioned, food trucks bringing produce to the block, or these âDouble Up Food Bucksâ programs. If you spend your SNAP at the local farmers market, they match it. Itâs, uh, not a perfect net, but some people eat better for it.
Unknown Speaker
Yeah, itâs what the suits call nudginââbut I call it payinâ people for eatinâ green instead of gray. I mean, if you can get broccoli to cost what a bag of chips does, thatâs mob-level efficiency. Chijioke, I know you got a story to tell on thisâhow it looked on your side of the world?
Chijioke Eze
Ha, you know me too well. Back in Nigeria, during some rough seasons, we had these old ration cards. Government would try to hand out rice or oil, but half the time it didnât reach people. So...the market would come alive. Neighbors would swap, trade, hustle. I got salt, you got beansâletâs do business. Sometimes, we looked after each other better than the state ever could. Systems break, but community improvises. It is...eh, what do you Americans say? Street smarts, abi?
Unknown Speaker
Thatâs it, Eze. Sometimes, when the official gameâs a mess, you lean on the streetâs own rules. And that, folks, is what the high-dollar think tanks missâsometimes powerâs about who you trust to put food on your table, not whoâs stampinâ your welfare card.
Chapter 2
Unknown Speaker
Now, letâs pour a little cold gravy on this feast. Everybody talks about âWho gets welfare?â But the real play, Chijioke, is âWho gets paid to manage the welfare?â These EBT cardsâElectronic Benefit Transferâthey donât just appear outta thin air. Theyâre run by giant private companies: Conduent, FIS, and all their cousins in the backroom.
Chijioke Eze
So itâs like a bank with only one kind of customer, hmm? If youâre poor, youâre locked in. The state hands out the contractâweâre not talking pocket change here. JP Morgan, I remember, held two hundred million dollars in those deals at one point. For managing the plastic, charging the transaction fees, adding service costs, you name it. Makes you wonderâwho really needs help here?
Unknown Speaker
Exactly. See, when Vinny looks at that setup, itâs like watchinâ a crew muscle the only road into town. You donât control the supermarketâyou control the gate. The mob used to tax every crate movinâ off the docksâthese firms do the same, just digital. The difference is they got lobbyists instead of enforcers. Every time you swipe your EBT, the middleman gets a taste. And whoâs gonna yell? The poor? Gimme a break.
Chijioke Eze
Ah, my brother, you said it. Most people see a food card, but the business is not in the groceriesâitâs in the gatekeeping. The fintech apps now, they market to poor people. âNo fees, faster accessââbut if you look deeper, who collects on the back end? The costs and the profits, they just wear new suits. Ordinary families still pay, but in a language they donât read.
Unknown Speaker
Power respects power. These state contracts turn into kingdomsâcontrolled by whoever takes the risk outta the governorâs hands. Thatâs why nothing changes, unless someoneâs cut off. Like I always say, never outshine the capo. If you wanna understand why these systems never get better, follow the money, not the mission. The streets remember what the courts forget.
Chapter 3
Chijioke Eze
Oho, so if the business stays rigged, what hope is there for change? Iâve seen all these pilot programsâsome city in the U.S. tests a digital wallet, or sends grocery credits to your phone, or pays the market guy directly when you buy tomatoes on an app. Itâs new, o, but it moves fast.
Unknown Speaker
Yeahâuntil the system finds a way to take its cut. You start doinâ app-based benefits? Guess who owns the platform. You cut out the EBT plastic? Here come the data brokers and the cybersecurity holes. Look, Iâm not scared of innovationâbut bureaucracyâs like concrete, and itâs poured by lobbyists. You disrupt this gravy train, you get lawsuits, leaks, fraud. Any move that threatens a billion dollar contractâŠthatâs a street war, just on paper.
Chijioke Eze
Ei, and the risk is real. Fraud goes digitalâone big hack, and families see zero balance overnight. Data privacy, too. If you thought bank fees were hidden, wait till you try tracing who is selling your shopping habits to the highest bidder. It becomes, what my father would say, âa snake with many heads.â You chop one, two more appear.
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