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Though the United States is one of the world’s richest economies by per capita income, it ranks only around seventeenth in reported life satisfaction… - Jeffrey Sachs
" "Though the United States is one of the world’s richest economies by per capita income, it ranks only around seventeenth in reported life satisfaction. It is superseded not only by the likely candidates of Finland, Norway, and Sweden, which all rank above the United States but also by less likely candidates such as Costa Rica and the Dominican Republic. Indeed, one might surmise that it is health and longevity rather than income that give the biggest boost to reported life satisfaction. Since good health and longevity can be achieved at per capita income levels well below those of the United States, so too can life satisfaction. One marketing expert put it this way, with only slight exaggeration: Basic Survival goods are cheap, whereas narcissistic self-stimulation and social-display products are expensive. Living doesn’t cost much, but showing off does.”
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About Jeffrey Sachs
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.
Also Known As
Native Name:
Jeffrey David Sachs
Alternative Names:
Jeffrey D. Sachs
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Professor Jeffery Sachs
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Sachs, Jeffrey
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Additional quotes by Jeffrey Sachs
America is losing its democracy as our politicians trade their votes for campaign contributions from the corporate lobbies. We have a corporatocracy rather than a democracy... The Wall Street Journal... is the leading print mouthpiece for the corporatocracy... America’s corporatocracy is governed by vested interests rather than moral or economic principles.... Americans today by large majorities support public education, Medicare, Social Security, help for the indigent, stronger regulation of the banks, and higher taxation of the rich. The problem is... with the failure of our government to translate American values into American policies.
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.
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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.
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