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Posts Tagged ‘Sachs’

How Inequality Fuels COVID‑19 Deaths

Posted by hkarner - 30. Juni 2020

Date: 29‑06‑2020

Source: Project Syndicate by Jeffrey D. Sachs

Jeffrey D. Sachs, Professor of Sustainable Development and Professor of Health Policy and Management at Columbia University, is Director of Columbia’s Center for Sustainable Development and the UN Sustainable Development Solutions Network. He has served as Special Adviser to three UN Secretaries‑General. His books include The End of Poverty, Common Wealth, The Age of Sustainable Development, Building the New American Economy, and most recently, A New Foreign Policy: Beyond American Exceptionalism. 

High inequality undermines social cohesion, erodes public trust, and deepens political polarization, all of which negatively affect governments’ ability and readiness to respond to crises. This explains why the United States, Brazil, and Mexico account for nearly half of the world’s reported deaths since the start of the pandemic.

NEW YORK – Three countries – the United States, Brazil, and Mexico – account for nearly half (46%) of the world’s reported COVID‑19 deaths, yet they contain only 8.6% of the world’s population. Some 60% of Europe’s deaths are concentrated in just three countries – Italy, Spain, and the United Kingdom – which account for 38% of Europe’s population. There were many fewer deaths and lower death rates in most of Northern and Central Europe.

Several factors determine a country’s COVID‑19 death rate: the quality of political leadership, the coherence of the government’s response, the availability of hospital beds, the extent of international travel, and the population’s age structure. Yet one deep structural characteristic seems to be shaping the role of these factors: countries’ income and wealth distribution. Den Rest des Beitrags lesen »

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Wall Street Can’t Burn Bernie

Posted by hkarner - 27. Februar 2020

Jeffrey D. Sachs, Professor of Sustainable Development and Professor of Health Policy and Management at Columbia University, is Director of Columbia’s Center for Sustainable Development and the UN Sustainable Development Solutions Network. His books include The End of Poverty, Common Wealth, The Age of Sustainable Development, Building the New American Economy, and most recently, A New Foreign Policy: Beyond American Exceptionalism.

America’s plutocrats and their media allies are certain that US presidential candidate Bernie Sanders is unelectable, or that, if somehow elected, he would bring about the collapse of the republic. This disdain is both telling and absurd.

NEW YORK – The narcissism and Panglossian cluelessness of the Wall Street elite is a marvel to behold. Sitting on their perches of power, and enjoying tax breaks, easy money, and soaring stock markets, they are certain that all is best in this best of all possible worlds. Critics must be fools or devils.

When I have mentioned my support for US presidential candidate Bernie Sanders in their company, it has been to audible gasps, as if I had invoked Lucifer’s name. They are certain that Sanders is unelectable, or that, if somehow elected, he would bring about the collapse of the republic. To varying degrees, the same sentiments can be found even in “liberal” media outlets like The New York Times and The Washington Post.This disdain is both telling and absurd. In Europe, Sanders would be a mainstream social democrat. He wants to restore some basic decency to American life: universal publicly financed health care; above-poverty wages for full-time workers, along with basic benefits such as family leave for infants and paid leave for illness; college education that does not drive young adults into lifelong debt; elections that billionaires cannot buy; and public policy determined by public opinion, not corporate lobbying (which reached $3.47 billion in the United States in 2019). Den Rest des Beitrags lesen »

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America’s Dangerous Iran Obsession

Posted by hkarner - 10. Januar 2020

Jeffrey D. Sachs, Professor of Sustainable Development and Professor of Health Policy and Management at Columbia University, is Director of Columbia’s Center for Sustainable Development and the UN Sustainable Development Solutions Network. His books include The End of Poverty, Common Wealth, The Age of Sustainable Development, Building the New American Economy, and most recently, A New Foreign Policy: Beyond American Exceptionalism.

The US, seemingly with no awareness of its recent history with Iran, and led by an emotionally unbalanced president who believes he may commit murder and get away with it, is still acting out a 40-year-old psychological trauma. As usual, it’s others who are most at risk.

NEW YORK – US President Donald Trump’s order to assassinate Iran’s General Qassem Suleimani while on an official mission to Iraq was widely hailed in Trump’s jingoistic Republican Party. Government-sanctioned murders of foreign officials, clerics, and journalists are commonplace nowadays. Yet there is something special about America’s bloodlust against Iran. It is a 40-year-old obsession that has now brought the United States and Iran to the brink of war.

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The UK’s Electoral System Failed

Posted by hkarner - 18. Dezember 2019

Date: 17‑12‑2019

Source: Project Syndicate by Jeffrey D. Sachs

Jeffrey D. Sachs, Professor of Sustainable Development and Professor of Health Policy and Management at Columbia University, is Director of Columbia’s Center for Sustainable Development and the UN Sustainable Development Solutions Network. His books include The End of Poverty, Common Wealth, The Age of Sustainable Development, Building the New American Economy, and most recently, A New Foreign Policy: Beyond American Exceptionalism.  

First‑past‑the‑post voting has been praised for promoting political stability by producing two‑party or nearly two‑party systems. Yet, as the outcome of the United Kingdom’s recent election shows, that supposed benefit comes at the price of a government in which a minority can ride roughshod over the interests and preferences of more than half of the population.

NEW YORK – On the most important issue in the United Kingdom’s modern history – whether to leave the European Union or remain – the UK’s electoral system produced an absurd result. A majority of the UK public wants to remain in the EU, and actually voted accordingly in the parliamentary election on December 12. Yet the election produced a large majority for the Conservative Party, which backs a quick Brexit. The reason is as simple as it is troubling: the failure of the first‑past‑the‑post electoral systems to translate public sentiment into reasonably representative outcomes. Den Rest des Beitrags lesen »

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America’s War on Chinese Technology

Posted by hkarner - 9. November 2019

Jeffrey D. Sachs, Professor of Sustainable Development and Professor of Health Policy and Management at Columbia University, is Director of Columbia’s Center for Sustainable Development and of the UN Sustainable Development Solutions Network. His books include The End of Poverty, Common Wealth, The Age of Sustainable Development, Building the New American Economy, and most recently, A New Foreign Policy: Beyond American Exceptionalism.

In the run up to the Iraq War, then-US Vice President Richard Cheney declared that even if the risk of weapons of mass destruction falling into terrorist hands was tiny, say 1%, we should act as if it were certain by invading. The US is at it again, creating a panic over Chinese technologies by exaggerating tiny risks.

NEW YORK – The worst foreign-policy decision by the United States of the last generation – and perhaps longer – was the “war of choice” that it launched in Iraq in 2003 for the stated purpose of eliminating weapons of mass destruction that did not, in fact, exist. Understanding the illogic behind that disastrous decision has never been more relevant, because it is being used to justify a similarly misguided US policy today. 

The decision to invade Iraq followed the illogic of then-US Vice President Richard Cheney, who declared that even if the risk of WMDs falling into terrorist hands was tiny – say, 1% – we should act as if that scenario would certainly occur.Such reasoning is guaranteed to lead to wrong decisions more often than not. Yet the US and some of its allies are now using the Cheney Doctrine to attack Chinese technology. The US government argues that because we can’t know with certainty that Chinese technologies are safe, we should act as if they are certainly dangerous and bar them. Proper decision-making applies probability estimates to alternative actions. Den Rest des Beitrags lesen »

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Warum reiche Städte rebellieren

Posted by hkarner - 28. Oktober 2019

Jeffrey D. Sachs, Professor of Sustainable Development and Professor of Health Policy and Management at Columbia University, is Director of Columbia’s Center for Sustainable Development and of the UN Sustainable Development Solutions Network. His books include The End of Poverty, Common Wealth, The Age of Sustainable Development, Building the New American Economy, and most recently, A New Foreign Policy: Beyond American Exceptionalism.

NEW YORK – In dreien der wohlhabendsten Städte der Welt ist es in diesem Jahr zu Protesten und Unruhen gekommen. Paris sah sich seit November 2018 – kurz nachdem der französische Staatspräsident Emmanuel Macron die Kraftstoffsteuer angehoben hatte – Protestwellen und Ausschreitungen ausgesetzt. Hongkong ist seit März im Aufruhr, nachdem Regierungschefin Carrie Lam einen Gesetzentwurf vorlegte, um Auslieferungen auf das chinesische Festland zu gestatten. Und in Santiago kam es in diesem Monat zu explosionsartigen Ausschreitungen, nachdem Präsident Sebastian Piñera eine Erhöhung der U-Bahn-Preise angeordnet hatte. Jeder Protest weist eindeutige lokale Aspekte auf, doch zusammen erzählen sie eine umfassendere Geschichte darüber, was passieren kann, wenn sich ein Gefühl, unfair behandelt zu werden, mit einer allgemeinen Wahrnehmung geringer sozialer Mobilität verbindet. 

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The Path to Climate Safety

Posted by hkarner - 10. Oktober 2019

Jeffrey D. Sachs, Professor of Sustainable Development and Professor of Health Policy and Management at Columbia University, is Director of Columbia’s Center for Sustainable Development and of the UN Sustainable Development Solutions Network. His books include The End of Poverty, Common Wealth, The Age of Sustainable Development, Building the New American Economy, and most recently, A New Foreign Policy: Beyond American Exceptionalism.

The global toll from weather-related disasters in 2018 was more than $200 billion, and annual losses in the United States alone averaged around $100 billion during 2014-18. And the latest climate science tells us that there is much worse to come unless we abide by the 1.5ºC limit.

NEW YORK – The global climate agenda has been greatly clarified in recent years. We now know that Earth’s average temperature is on a path to increase by around 3º Celsius, relative to preindustrial levels, by 2100, which is twice the 1.5ºC limit targeted by the 2015 Paris climate agreement. We know that weather-related damage is rapidly mounting. We know that to stay below the 1.5ºC threshold, we need to reach zero net greenhouse-gas emissions by 2050, with net negative emissions thereafter. And we know that reaching net-zero emissions by 2050 is feasible and affordable. All we lack is action. 

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Popenomics

Posted by hkarner - 7. September 2019

Date: 05-09-2019
Source: The Economist: Schumpeter

What sermons business should and should not heed from a leftist pontiff

There are few more incongruous places for a seminar on the future of business than the Sacred Convent of Assisi, in Italy. From Schumpeter’s cell high in the convent’s outer walls, the view over rural Umbria was so beautiful it was like looking at the world through God’s eyes—not those of Mammon. The convent houses the nearly 800-year-old tomb of Saint Francis, the most poetic of holy men, who thought money was worth less than asses’ dung and inspired a mendicant order. On a night-time visit business-school students surrounded his tomb, as Franciscans in black robes charmed them with stories of their austere daily lives. The only gripe was that early friars failed to foresee that the thick medieval stonework would one day interfere with Wi-Fi.

The week-long seminar on business, work and the circular economy, in early September, had divine overtones. Organised by some of Italy’s leading universities, it laid the groundwork for a meeting between Pope Francis and entrepreneurs, academics and students in Assisi next March to discuss the “Economy of Francesco”, in homage to the saint. The pope’s aim is to draw on the ideas of the young, as well as on veterans of development such as Amartya Sen, an Indian economist, and Jeffrey Sachs, an American one, to create a more sustainable and humane economy. Den Rest des Beitrags lesen »

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Europe Must Oppose Trump

Posted by hkarner - 20. August 2019

Jeffrey D. Sachs, Professor of Sustainable Development and Professor of Health Policy and Management at Columbia University, is Director of Columbia’s Center for Sustainable Development and of the UN Sustainable Development Solutions Network. His books include The End of Poverty, Common Wealth, The Age of Sustainable Development, Building the New American Economy, and most recently, A New Foreign Policy: Beyond American Exceptionalism.

European leaders should recognize that a significant majority of Americans reject Trump’s malignant narcissism. By opposing Trump and defending the international rule of law, Europeans and Americans together can strengthen world peace and transatlantic amity for generations to come.

NEW YORK – With Donald Trump due to visit Europe again for the G7 summit later this month, European leaders have run out of options for dealing with the US president. They have tried to charm him, persuade him, ignore him, or agree to disagree with him. Yet Trump’s malevolence is bottomless. The only alternative, therefore, is to oppose him.

The most immediate issue is European trade with Iran. This is no small matter. It is a battle that Europe cannot afford to lose.Trump is capable of inflicting great harm without compunction, and is now doing so by economic means and threats of military action. He has invoked emergency economic and financial powers that aim to push Iran and Venezuela to economic collapse. Den Rest des Beitrags lesen »

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Die Krise der angloamerikanischen Demokratie

Posted by hkarner - 28. Juli 2019

Jeffrey D. Sachs, Professor of Sustainable Development and Professor of Health Policy and Management at Columbia University, is Director of Columbia’s Center for Sustainable Development and of the UN Sustainable Development Solutions Network. His books include The End of Poverty, Common Wealth, The Age of Sustainable Development, Building the New American Economy, and most recently, A New Foreign Policy: Beyond American Exceptionalism.

NEW YORK – Wie kann es sein, dass in den zwei ehrwürdigsten und einflussreichsten Demokratien der Welt – dem Vereinigten Königreich und den Vereinigten Staaten –  Donald Trump und Boris Johnson an die Macht kommen? Trump liegt nicht falsch, wenn er Johnson als „Britain Trump” (sic) bezeichnet. Es geht auch nicht um eine Frage ähnlicher Persönlichen oder Stile: vielmehr ist diese Entwicklung Ausdruck eklatanter Mängel in den politischen Institutionen, die es diesen Männern ermöglichten, das Ruder zu übernehmen. 

Sowohl Trump als auch Johnson weisen eine von dem irischen Physiker und Psychologen Ian Hughes so bezeichnete gestörte Psyche” auf. Trump ist ein notorischer Lügner, ein Verbreiter des Rassismus und Steuerhinterzieher in großem Stil. Im Bericht des US-Sonderermittlers Robert Mueller über seine 22-monatige Untersuchung des Trumpschen Präsidentschaftswahlkampfs im Jahr 2016 werden mehrere Fälle von Behinderung der Justiz durch Trump beschrieben. Über 20 Frauen beschuldigen Trump sexueller Übergriffe, mit denen er auf Band auch prahlt. Trump wies seinen Anwalt an, illegale Schweigegeldzahlungen zu tätigen, die einen Verstoß gegen die Bestimmungen für Wahlkampffinanzierung darstellen. Den Rest des Beitrags lesen »

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