Jeffrey Sachs Quotes

Deep down, if we really accept that their lives - African lives - are equal to ours, we would all be doing more to put the fire out. It's an uncomfortable truth.

We are in a a period of huge change and very dangerous change right now and I'm here to tell you to help lead a safe way out of this. For some reason the generation of politicians running the world right now is not very prudent, not very wise, and is not leading us to safety. We're in an extraordinarily dangerous time. And that is not intrinsic to our circumstances at all, because with the same conditions that we have, we could view our situation as wonderfully promising, exciting, a time when the whole world could be achieving very big things. We could understand, which we don't yet, that we are not in a game of "who's number one" or "who's ahead" or "who runs the world." We're all blessedly stuck together on this planet and we're all going to have pretty much the same outcome, either a good outcome or a disaster. And the old ideas that it's really important who sets the rules and really important who wins the wars are very outmoded.

Norway, Sweden, Denmark, Netherlands, Germany – are the countries with the largest so-called social welfare states. They... have a degree of equality that is unmatched in other parts of the world... And people do want to go to work. The idea that this has taken away the work incentive is actually the opposite...a social welfare system does is enable people to live with dignity if they don’t have the means on their own.... We should have the decency to provide dignity for everybody.

We need the United Nations as the core and central institution of our world. The only way we’re going to have a peaceful, civilized world is through a strong UN. It’s absurd that the UN core budget is a mere $3 billion per year, when New York City’s budget is around $100 billion. We chronically underfund the UN system and then ask, “Why don’t things work well?”

Things like the proposed tech tax are actually a very good idea. The specific form of it is debatable, but the idea is that five companies are worth $3.5tn, basically because of network externalities and information monopolies, and therefore are absolutely right for efficient taxation. ... The marginal cost of production of AI is effectively zero. The ability to make these technologies available to the poorest countries at no cost is an evident option. So we should be taking special care to make sure that this revolution can reach everybody.

Down through the ages, presidents and princes around the world have been murderers and accessories to murder, as...documented in ... masterwork Power and Morality. One of the ... main findings was that the behavior of ruling groups tends to be more criminal and amoral than that of the people over whom they rule.

Von Hayek was wrong. In strong and vibrant democracies, a generous social-welfare state is not a road to serfdom but rather to fairness, economic equality and international competitiveness.

The US is a force for division, not for cooperation... It's a force for trying to create a new cold war with China. If this takes hold - if that kind of approach is used, then we won't go back to normal, indeed we will spiral into greater controversy and greater danger in fact.
The US lost its step on 5G, which is a critical part of the new digital economy. And Huawei was taking a greater and greater share of global markets... The US concocted in my opinion, the view that Huawei is a global threat. And has leaned very hard on US allies... to try to break the relations with Huawei.
Do I believe that China could do more to ease fears that are very real? I do.... The big choice frankly is in China's hands. If China is cooperative, if it engages in diplomacy, regional cooperation and multilateralism…. then I think that Asia has an incredibly bright future.

The truth about the US presence in Syria has rarely been told. But one can be sure that the US has had no scruples about democracy in Syria or elsewhere in the region, as its warm embrace of Saudi Arabia amply demonstrates. The US decided to promote an insurgency to overthrow Bashar al-Assad in 2011 not because the US and allies like Saudi Arabia longed for Syrian democracy, but because they decided that Assad was a hindrance to US regional interests. Assad’s sins were clear: he allied with Russia, and he received support from Iran.

The banks have said, leave us deregulated, we know how to run things, don't put government in to meddle. Then with that freedom of maneuver they took huge gambles, and even made illegal actions, and then broke the world system. As soon as that happened then they rushed out to say 'bail us out, bail us out, if you don't bail us out, we're too big to fail, you have to save us'. As soon as that happened, they said 'oh, don't regulate us, we know what to do'. And... the public is standing there, amazed, because we just bailed you out how can you be paying yourself billions of dollars of bonuses again? And the bankers say, 'well we deserve it, what's your problem'? And the problem that the Occupy Wall Street and other protesters have is: you don't deserve it, you nearly broke the system, you gamed the economy, you're paying mega fines, yet you're still in the White House you're going to the state dinners, you're paying yourself huge bonuses, what kind of system is this?

Moreover, at an estimated $10,098 in 2019, China’s GDP per capita was less than one-sixth that of the US ($65,112) – hardly the basis for global supremacy. China still has a lot of catching up to do to achieve even its basic economic development goals. Assuming that Trump loses in November’s presidential election, Pompeo’s speech will likely receive no further notice. The Democrats will surely criticize China, but without Pompeo’s brazen exaggerations. Yet, if Trump wins, Pompeo’s speech could be a harbinger of chaos. Pompeo’s evangelism is real, and white evangelicals are the political base of today’s Republican Party. Pompeo’s zealous excesses have deep roots in American history.

...four very powerful corporate lobbies have repeatedly come out on top and turned our democracy into what might more accurately be called a corporatocracy.”

The world took relatively little notice of Pompeo’s speech, which offered no evidence to back up his claims of China’s hegemonic ambition. China’s rejection of US hegemony does not mean that China itself seeks hegemony. Indeed, outside of the US, there is little belief that China aims for global dominance. China’s explicitly stated national goals are to be a “moderately prosperous society” by 2021 (the centenary of the CPC), and a “fully developed country” by 2049 (the centennial of the People’s Republic).

We just heard from the Minister of Honduras. Let us recall that United Fruit Company essentially ran his country for a long time. United Fruit’s attorney was US Secretary of State John Foster Dulles, and his brother Allen Dulles was the head of the CIA. On behalf of United Fruit Company, the two Dulles Brothers conspired to overthrow President Jacobo Árbenz of Guatemala, next door to Honduras, in order to stop the land reforms that Árbenz was trying to implement.
So, yes, we have a global food system, but we need a different system. That different system must be based on the principle of universal human dignity in the Universal Declaration of Human Rights, the principle of national sovereignty in the UN Charter, and the economic rights in the Universal Declaration and the International Covenant of Economic, Social, and Cultural Rights. In the Universal Declaration, all governments agreed that social protection is a human right, not merely a “nice thing,” or a pleasant thing, but a basic human right. That was 73 years ago. The Sustainable Development Goals are our generation’s pledge to honor the Universal Declaration of Human Rights. Yet I come from a country that not only doesn’t care about the world’s poor, it doesn’t even care about its own poor. One in seven Americans is hungry right now, but one political party cares about little more than cutting taxes for the rich and filibustering any real solutions to poverty.

The war [in Ukraine] started 9 years ago, not last year. I think it started in February 2014. It started with the violent overthrow of President Yanukovich, which I attribute to a significant extent of US participation in the regime change operation in Ukraine. And, in my mind, that really was the trigger of this war, meaning that we are basically seeing a proxy war between the United States and Russia.