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.
American economist (born 1954)
Jeffrey David Sachs (born November 5, 1954) is an American economist, academic, public policy analyst and former director of The Earth Institute at Columbia University, where he holds the title of University Professor. He is known as one of the world's leading experts on sustainable development, economic development, international relations and the fight against poverty.
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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.
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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.
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.
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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?”
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.
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?”
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.
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.
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).
US military spending totaled $732 billion in 2019, nearly three times the $261 billion China spent. The US.. has around 800 overseas military bases, while China has just one (a small naval base in Djibouti). The US has many military bases close to China, which has none anywhere near the US. The US has 5,800 nuclear warheads; China has roughly 320. The US has 11 aircraft carriers; China has one. The US has launched many overseas wars in the past 40 years; China has launched none (though it has been criticized for border skirmishes, most recently with India, that stop short of war).
According to Pompeo [U.S. Secretary of State], Chinese leader Xi Jinping and the Chinese Communist Party (CCP) harbor a “decades-long desire for global hegemony.” This is ironic. Only one country – the US – has a defense strategy calling for it to be the “preeminent military power in the world,” with “favorable regional balances of power in the Indo-Pacific, Europe, the Middle East, and the Western Hemisphere.” China’s defense white paper, by contrast, states that “China will never follow the beaten track of big powers in seeking hegemony,” and that, “As economic globalization, the information society, and cultural diversification develop in an increasingly multi-polar world, peace, development, and win-win cooperation remain the irreversible trends of the times.”