A recent Washington Post editorial and a letter by leading economists suggest that a carbon tax is the “best first-line policy.” The editorial argues that “a high-enough carbon price would shape millions of choices, small and large, about what to buy, how to invest and how to live that would result in substantial emissions cuts.” It sounds plausible, yet [...]

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(CNN) Rep. Pramila Jayapal introduced a sweeping Medicare for All (MFA) bill on Wednesday (H.R. 1384), and the national debate on healthcare is bound to intensify through the 2020 election. Voters rank healthcare costs as their second most important priority, just after the economy. The political fate of MFA will likely depend on one key question: Will [...]

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(CNN) There are three main ideas of the Green New Deal Resolution introduced by Congresswoman Alexandria Ocasio-Cortez and Senator Ed Markey. The first is to decarbonize the US energy system — that is, to end the emissions of carbon dioxide (CO2) from burning coal, oil and natural gas, in order to stop global warming. The second is to [...]

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NEW YORK – This month’s United Nations Climate Change Conference (COP24) in Katowice, Poland succeeded in producing a rulebook to implement the 2015 Paris climate agreement. Every UN member state signed on. But that will not be enough to head off climate catastrophe. It’s time to call in the engineers. The diplomatic success at COP24 was [...]

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NEW YORK – Today, the provision of public goods and services at the global and regional level is dangerously inadequate. The United Nations system, the European Union, and other multilateral organizations are under great stress, because their budgets are inadequate to meet their responsibilities. While a few free-market ideologues may still argue that profit-motivated corporations [...]

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NEW YORK – The drama of Donald Trump’s presidency has centered around whether an extremist president would be able to carry out an extremist policy agenda against the will of the majority of Americans. So far the answer has been no, and the midterm elections make it far less likely. Yet Trump’s rising frustrations could [...]

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October 24th, 2018

Killer Politicians

NEW YORK – “Will no one rid me of this meddlesome priest?” asked Henry II as he instigated the murder of the Archbishop of Canterbury, Thomas Becket, in 1170. Down through the ages, presidents and princes around the world have been murderers and accessories to murder, as the great Harvard sociologist Pitirim Sorokin and Walter [...]

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A “tech tax” is necessary if the world is to avoid a dystopian future in which AI leads to a concentration of global wealth in the hands of a few thousand people, influential economist Dr Jeffrey Sachs has warned. Speaking to the Guardian, Sachs backed calls for taxation aimed at the largest tech companies, arguing [...]

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JAMES WONG asked: Professor Sachs, you laid out a visionary blueprint for the end of poverty underpinned by an international commitment of wealthier countries to provide international development aid to developing economies. Such a plan was always going to be reliant on multilateral cooperation but recently, you have commented on the end of multilateralism – [...]

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“Economist Jeffrey Sachs has been at the forefront of global economic policy for close to four decades. He’s helped countries transition from communism to capitalism—with varying degrees of success—and advised the United Nations on programs promoting sustainable economic growth and the alleviation of poverty. He’s also directed the Earth Institute at Columbia University and is [...]

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