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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 supr… - Jeffrey Sachs
" "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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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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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.
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.
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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.
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