Jeffrey Sachs Explosive Address at the EU Parliament
Jeffrey Sachs Explosive Address at the EU Parliament
Main message is: "Talk to Russia. Dangerous to be US's friend. US is the one that feeds you Russophobia propaganda, and embarked you into the Ukraine adventure".
Headlines from Europe after today's white house drama is "We will always love Ukraine, and hate Russia"
Hmmm... I wonder who can sell weapons if Europe goes to war with Russia? It takes a special level of brain worm to follow up supporting the sabotage of your pipelines, to responding to economic coercion and military abandonment by also clinging to war on your new enemy's traditional enemy.
US is giving EU/NATO an opportunity for freedom. Doing the CIA's wettest dream is the opposite of waking up.
I would really take anything he says with a grain of salt....the dude is literally the person who invented shock therapy for post Soviet States. He's not a reliable narrator and his only real goal is to spread Keynesian economics and convince authoritarian governments to privatize state assets.
Not to paint Sachs as a perfect saint, but Naomi Klein really oversold his villainry in her book. Sachs was not the architect of shock therapy, which is a neoliberal economics project in direct opposition to Sach’s Keynesian economics school. As capitalist positions go, Keynesianism is comparatively good. He talked about it a little last year on Breaking Points. I tend to think that he was dropped into the former Warsaw Pact states when he was young, idealistic, and largely ignorant of US neocolonialism.
No he typically tries to stabilize economies, thats his expertise. He tried to argue that the US should have helped russia economically. His advice was mostly ignored by soviets and later by Yelstin during the horrendous privatization.
But he is diplomatic, so yes he filters what he says.
In 1989, Sachs advised Poland's anticommunist Solidarity movement and the government of Prime Minister Tadeusz Mazowiecki. He wrote a comprehensive plan for the transition from central planning to a market economy which became incorporated into Poland's reform program led by Finance Minister Leszek Balcerowicz. Sachs was the main architect of Poland's debt reduction operation. Sachs and IMF economist David Lipton advised on the rapid conversion of all property and assets from public to private ownership. Closure of many uncompetitive factories ensued.[33] In Poland, Sachs was firmly on the side of rapid transition to capitalism. At first, he proposed American-style corporate structures, with professional managers answering to many shareholders and a large economic role for stock markets. That did not bode well with the Polish authorities, but he then proposed that large blocks of the shares of privatized companies be placed in the hands of private banks.[34] As a result, there were some economic shortages and inflation, but prices in Poland eventually stabilized.[35][independent source needed] The government of Poland awarded Sachs one of its highest honors in 1999, the Commander's Cross of the Order of Merit.[36] He also received an honorary doctorate from the Kraków University of Economics.[21] Based on Poland's success, his advice was sought first by Soviet President Mikhail Gorbachev and by his successor, Russian President Boris Yeltsin, on the transition of the USSR/Russia to a market economy.[37]
Sachs' methods for stabilizing economies became known as shock therapy and were similar to successful approaches used in Germany after the two world wars.[31] He faced criticism for his role after the Russian economy faced significant struggles after adopting the market-based shock therapy in the early 1990s.[38][39][40]
@TokenBoomer@lemmy.world thanks for linking this.
Np 😉
i've seen so many soundbites of this address all over tiktok; i wonder how it's being received by europe.
are we taking advice from jeffrey fucking sachs?
i hear larry fink is doing a talk soon. think it might interest you.
Really curious how western economists/journalists/organizations are shouted down as imperialists not worth listening to when they're advocating against imperialism.
Sachs might still be a liberal who buys into the freedom and democracy shit, but he has been consistent on this and one of the few sober voices with regards to US foreign policy.