Jeffrey Sachs Quotes

The Panama Papers opened yet another window on the global system of financial corruption, showing how political leaders and businesses use shell companies in secrecy havens like the British Virgin Islands and many US states to evade taxes and hide corruption and other crimes. Yet the system of corruption depends on another factor beyond secrecy, one that is perhaps even more important: impunity. Impunity means that the rich and powerful escape from punishment even when their malfeasance is in full view.

Enter the Green New Deal. It endorses the science. ... We’re not talking about a bit less emissions; we're talking about a phaseout of emissions by 2050 in order to have a fighting chance to hold Earth’s temperature rise to 1.5-degrees Celsius above the pre-industrial level, a rise that should not in any way be construed as “safe,” just potentially not catastrophic.

How do we get to zero by 2050, not only in the U.S. but also in Europe, China, India and the rest of the world? We need to move rapidly to zero emissions while keeping the energy system functioning robustly and reliably during the transition. It’s a massive transplant operation requiring the greatest skills of our top engineers and power-grid operators.

If Trump is defeated, as seems likely, the risk of a US confrontation with China will recede. But if he remains in power, whether by a true electoral victory, vote fraud, or even a coup (anything is possible), Pompeo’s crusade would probably proceed, and could well bring the world to the brink of a war that he expects and perhaps even seeks.

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.

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?

It’s a terrible blow for the world when countries as rich and talented and stable and well-off as this country doesn’t fulfil the global responsibility...in development aid... If we all did it, we would save millions of lives, we would have all the kids in school. They would be growing up to be productive members of their society, we wouldn’t have the mass refugee movements... Donald Trump’s “America First” foreign policy represents a new and vulgar strain of American exceptionalism... to maintain U.S. military dominance as the core pillar of U.S. foreign policy.

Impunity is epidemic in America. The rich and powerful get away with their heists in broad daylight. ... The Journal recently opposed the corruption sentence of former Virginia governor Bob McDonnell for taking large gifts and bestowing official favors — because everybody does it. And one of its columnists praised Panama for facilitating the ability of wealthy individuals to hide their income from “predatory governments” trying to collect taxes. No kidding.

The US foreign policy establishment had rhetorically justified America’s presence in Syria as part of the war on the Islamic State (ISIS). With ISIS essentially defeated and dispersed, Trump called the establishment’s bluff. Yet suddenly, the establishment declared the actual reasons for the extended US presence. Trump’s move, it was charged, would hand geopolitical advantages to Syria’s Bashar al-Assad, Russia’s Vladimir Putin, and Iran’s Ali Khamenei, while imperiling Israel, betraying the Kurds, and causing other ills that are essentially unrelated to ISIS.

The United States foreign policy is based on "regime change". So how much trust can there be, especially after events like the Maidan? The United States is not a peace-loving country, it is a power seeking country. [...] The United States has overthrown dozens of governments. It definitely contributed to the overthrow of Yanukovych. It definitely tried to overthrow al-Assad in Syria and was a major provocation of the war there. And I know this from the inside, not just from the outside. [...] I know from top people involved in these issues what I'm discussing right now.

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.

...History is written by the rich, and so the poor get blamed for everything."

The world economy is pumping trillions of dollars into the accounts of a few thousand people. These riches should be directed first and foremost to end the millions of needless deaths caused by extreme poverty, and to educate the hundreds of millions of children who lack schooling. The billionaires would still have enough left over to indulge their longing for mega-yachts, personal space ships, private tropical islands, and other conspicuous consumption.

When I talk about this in the United States, I'm often attacked, 'oh, you don't believe in the free market economy', I say, how much free market can there be? You say deregulate, the moment the banks get in trouble, you say bail them out, the moment you bail them out, you say go back to deregulation. That's not a free market, that's a game, and we have to get out of the game. We have to get back to grown-up behaviour.
... There is a lot of greed and there's very little accountability... One wonders in the United States sometime whether the government is regulating the banks, or are the banks determining government policy?... Why have the politicians protected them all along? You know why? Very simple. They pay for the politicians.

This policy is unconscionable and flagrantly against international law. It is imperative that the U.S. lift these immoral and illegal sanctions to enable Iran and Venezuela to confront the epidemic as effectively and rapidly as possible,