Following on from his blog entry yesterday (and our blog entry from Joshua Schulman- Marcus), Danyaal Raza gives his take on the talk by Jeffrey Sachs at the weekend’s Unite for Sight conference including Sach’s 10-Point Memo addressed to the next President of the United States-Definitely worth a read! Rhona
Jeffrey Sachs talks to a packed house
Jeffery Sachs, perhaps the world’s most famous economist, delivered one of the final keynote speeches of Unite for Sight’s 5th annual conference. He did so with the vigour that readers of his book The End of Poverty, and the passion that supporters of his Millennium Villages Project expect of him. What surprised myself and I suspect many others, was his unexpectedly political message.
He began with a discussion of the global pressures on food, oil and water being exerted by not only the economies of the west, but by the rising buying power of China, India and parts of the developing world. Is the answer to these escalating demands a reduction of consumption in the developed world? Is it to continue development at the expense of the environment? Perhaps we should deny the economic independence of the world’s poor as a means of capping global consumption? To all, Sachs categorically says ‘no’. Instead, he challenged the crowd, filled with countless students, to implement solutions reconciling these large questions. Many of which, he added, he has began to address in his new book Common Wealth (available outside the auditorium and which I happily bought; if anyone knows how to work ‘the market’, I suppose it’s an economist).
The hammer fell when he began to talk of the changes that needed to be made in his native United States. (more…)