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Thursday, August 13, 2009

Lawrence Summers & Pollution

More from The Sorrows of Empire (p. 268):

"From 1991 to 1993, Lawrence Summers was the chief economist at the World Bank and the man who oversaw the tailoring of 'austerity measures' to each country that needed a loan. He decided exactly what a country had that Washington wanted to open up. On December 12, 1991, Summers became notorious for a leaked memo to senior officials of the bank encouraging polluting industries in the rich nations to relocate to the less developed countries. He wrote, 'I think the economic logic behind dumping a load of toxic waste in the lowest wage countries is impeccable and we should face up to that.' "

Nice. A true friend of humanity. What the hell was Barry thinking when he appointed him as a key economic advisor?

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