Project Syndicate
A New Macroeconomic Strategy
Jeffrey D. Sachs, Professor of Sustainable Development, Professor of Health Policy and Management, and Director of the Earth Institute at Columbia University, is also Special Adviser to the United Nations Secretary-General on the Millennium Development Goals
Just imagine what would have happened, if in 1997, If the Clinton administration had just used the "surplus" to fund a nationwide optical fiber network to reach all urban households, and 50% of rural households.
ReplyDeleteI doubt if the dot com crash would have taken place. I also doubt that "9/11" would have happened. In my mind, both are linked to the "Clinton surplus."
coming from Sachs ... this sounds like advice from a Dept. of Sustainable Looting
ReplyDelete(does Columbia have a Sophism Dept.?)
ask Russia, or the USA, or the those on the receiving end of NeoLiberal ideology anywhere, if Sach's "sustainable development" has felt more like looting or development
I find it hard to disagree with Sachs calling for a development strategy based on a major switch to renewable energy (moving from burning carbon capital to harvesting solar income.) Because I have been calling for precisely that for 25 years now and have the books to prove it.
ReplyDeleteIn the meantime J. Sachs did everything in his power to keep this from happening. Pretty hard to develop the solar society when a deliberate program of de-industrialization is making everyone more primitive. What he did to Russia was so heinous, it should be considered a war crime.
Of course, I am mostly angry that this member of the economically insane finally has a good idea and he won't even throw me a freaking footnote. (sheesh)