Jeffrey Sachs

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“It’s A Matter Of What Are You Doing To Battle Those Inequities”

June 27, 2014 in Excerpts, Politics, Science/Tech, Urban Studies | Permalink

If you were living in extreme poverty, in a place rotten with disease, who would you rather see, someone with a laissez–faire attitude who was proud of himself for not causing any unintended consequences as he stood on the sidelines, or someone like Jeffrey Sachs or Bill and Melinda Gates, who, sure, can’t make the world perfect, but who might give you some of the tools you need to survive, maybe even thrive a little? It’s awfully easy to dismiss philanthropists for their failings as they learn the best ways to succeed, but if I were in great need I would always gravitate to people who might give me something real even if it wasn’t ideal. From Samiha Shafy and Mathieu von Rohr’s Spiegel interview with Melinda Gates:

“Spiegel:

In your speech at the WHO, you said that you and your husband despise inequity. But isn’t it strange when you return from your trips to your luxurious mansion on Lake Washington outside of Seattle? A property for which you have to pay more than a million dollars a year in taxes.

Melinda Gates:

I think it is the same for you if you go to the developing world and then come home and get into your car with seat heaters. Or you come home, turn on your shower and you have hot water. I don’t care whether you live in a small apartment or in a giant house, there are inequities. Quite frankly, neither Bill nor I would build that house again if we had it to do all over again. But it’s a matter of what are you doing to battle those inequities and for Bill and me, we have now oriented our life around that. We’re spending not only our money, but also our time.

Spiegel:

Are you doing so partly out of a sense of guilt?

Melinda Gates:

No, I wouldn’t say guilt. We feel like we have a responsibility. Any of us that is lucky enough to grow up in a country like Germany or Great Britain or Japan or the US ought to do something for the rest of the world.

Spiegel:

The French economist Thomas Piketty recently triggered a debate with his book in which he argues that iniquities are also growing in the industrialized world. His recipe is that of raising taxes for the very rich. Do you agree with him?

Melinda Gates:

Bill and I are both in favor of an estate tax and we’ve actually been quite outspoken about that. But it hasn’t gotten very far in the US. If you’re in the upper quartile of income in any of these wealthy economies, you ought to give back more than other people. Bill, Warren Buffett and I are quite involved in trying to get people of substantial wealth to commit to giving half back, either in their lifetime or at their death.”

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“He Put Something Out There That Was Terribly Appealing To Those Of Us Who Were Certainly A Little Naive”

January 30, 2014 in Books, Politics, Urban Studies | Permalink

Vanity Fair journalist Nina Munk is this week’s guest on a very good EconTalk podcast with Russ Roberts. Munk wrote a 2007 article, “Jeffrey Sachs’ $200 Billion Dream,” which looked at the passion and plans of the End of Poverty author. She then decided to follow Sachs’ work in a long-term way, and things got complicated.

If Munk didn’t exactly come to praise the economist, she didn’t think she would end up burying him–but that’s pretty much what happened. Her resulting book on the topic, The Idealist, is a story of good intentions run aground as it pertains to the Sachsian method of sustainable development in impoverished African communities. Munk acknowledges the Millennium Villages Project isn’t an abject failure as a charity, but believes it isn’t a success in its stated aspiration to find a poverty-fighting formula. Munk doesn’t seem to be attempting to demonize anyone (although she does accuse Sachs of “emotional blackmail”) but is trying to make sense of the naivete and folly and mistakes.

I like Roberts, though I find self-serving his suggestion that idealists who try and fail are crueler than Libertarians who oppose activism. 

Listen here and read a Vanity Fair Q&A about the book here. See some excerpts from Sachs’ recent Ask Me Anything at Reddit.

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“Government Is Necessary. The Tools Of Policy Are Indispensable.”

January 16, 2014 in Excerpts, Politics, Science/Tech, Urban Studies | Permalink

Jeffrey Sachs is depicted by some as a dependency-creating subsidizer and by others as an extreme free-marketer–neither seems particularly apt. In a Reddit AMA to promote a free online course on sustainable development, the Columbia professor answers some critics (Angus Deaton, Naomi Klein, Dambisa Moyo) and questions about the global war on poverty.

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Question:

I’m fascinated by the new environmental technologies like billboards pulling drinking water from the air, or Mexico City’s smog eating paint. What technology do you look at as having great potential?

Jeffrey D. Sachs:

Probably the single most important breakthrough in recent years has been the dramatic decline in price of photovoltaics, which have fallen by a factor of 100X since 1977. 1 Watt of PV now costs less than $1 dollar. This will make possible an enormous upscaling of solar power in many parts of the world.

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Question:

I read The End of Poverty and I have to say, I am a huge fan of that book. I often cite your work to support ideas like that sweat-shops aren’t necessarily the evil they’re portrayed to be. Since the book, how much, in your eyes, has changed in the world? Do you feel like leaders sat up and took notice? 

Jeffrey D. Sachs:

The most important thing that’s happened since 2005 is that the idea of ending extreme poverty has actually begun to take hold. People see the success of China in ending poverty, the start of real poverty reduction in Africa, and the power of the new ICT technologies. Because of this optimism, the World Bank Development Committee voted in April to take on the goal of ending extreme poverty globally by 2030. So the idea is there, step by step.

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Question:

I’ve always argued that if agricultural subsidies were cut around the world it would be more effective in lifting people from poverty than all aid combined. It seems that lately developing countries have also gotten into the ag subsidy trap. Is it possible we’ve reached a point where reducing global ag subsidies might hurt the poor more than it helps them?

Jeffrey D. Sachs:

Ending AG subsidies, while generally a good idea, won’t solve as much as one might think, because the main beneficiaries will be large food-exporting countries, such as Brazil, not the poorest countries. Still, it’s typically a good thing to do. The subsidies are rarely fair or effective.

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Question:

When the government or culture in an area does not support elimination of poverty, have you seen other ways to make substantial progress, or is the government/leadership really the key to success or failure?

Jeffrey D. Sachs:

Government is necessary. The tools of policy (taxes, regulation, public subsidies of science, public investment) are indispensable. They are not the only things that matter, but without government, broad-based and sustained development is not really possible. Of course, governments do not need to be perfect. Thank goodness!!!•

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