Jeffrey Sachs Quotes

The rich individuals are increasingly hoarding everything. If the billionaires want to go to space, they could at least leave their money on Earth to solve the critical Earthbound problems. We now have an estimated 2,775 billionaires with a combined net worth of around $13.1 trillion. I have it on good authority that you don’t need more than $1 billion to live comfortably. Even if every billionaire kept $1 billion, that would leave around $10 trillion for ending hunger, poverty, and environmental destruction. We should be taxing the vast and rapidly growing billionaire wealth to help finance a civilized world.

As with every great engineering challenge our nation has faced — the Erie Canal, the 20th-century power grid, the Interstate Highway System, the civil aviation system and the moonshot — we need bold timelines, clear milestones, breakthrough engineering and public-sector leadership. No doubt, when properly regulated and guided by engineering plans, the private sector will do its part with excellence and timeliness.

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.

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.

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).

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,

One is reminded of Jesus’s own admonition: “Thou hypocrite, first cast out the beam out of thine own eye; and then shalt thou see clearly to cast out the mote out of thy brother’s eye” (Matthew 7:5).

The US plutocracy has declared war on sustainable development. Billionaires such as Charles and David Koch (oil and gas), Robert Mercer (finance), and Sheldon Adelson (casinos) play their politics for personal financial gain. They fund Republican politicians who promise to cut their taxes, deregulate their industries, and ignore the warnings of environmental science, especially climate science.”

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.

What we’ve been hearing from the panelists is how the global food system works right now... It’s based on large multinational companies, private profits, and very low international transfers to help poor people (sometimes no transfers at all). It’s based on the extreme irresponsibility of powerful countries with regard to the environment. And it’s based on a radical denial of the economic rights of poor people... We’ve just heard from the Minister of the Democratic Republic of the Congo. Many point a finger of blame at the DRC and other poor countries for their poverty. Yet we don’t seem to remember, or want to remember, that starting around 1870, King Leopold of Belgium created a slave colony in the Congo that lasted for around 40 years; and then the government of Belgium ran the colony for another 50 years. In 1961, after independence of the DRC, the CIA then assassinated the DRC’s first popular leader, Patrice Lumumba, and installed a US-backed dictator, Mobutu Sese Seko, for roughly the next 30 years. And in recent years, Glencore and other multinational companies suck out the DRC’s cobalt without paying a level of royalties and taxes. We simply don’t reflect on the real history of the DRC and other poor countries struggling to escape from poverty. Instead, we point fingers at these countries and say, “What’s wrong with you? Why don’t you govern yourselves properly?”

The war in Ukraine is the culmination of a 30-year project of the American neoconservative movement.

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?”

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 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.