A Critique of Jeffrey D. Sachs's The End of Poverty: B. Critique of Neoiiberal Solutions to World Poverty

D Henwood - Neoliberalism, Globalization, and Inequalities, 2020 - api.taylorfrancis.com
D Henwood
Neoliberalism, Globalization, and Inequalities, 2020api.taylorfrancis.com
Jeffrey Sachs is a complicated guy. His first claim to fame was as the doctor who
administered “shock therapy” in Bolivia, Poland, and Russia. Now he's Bono's traveling
companion. Bono wrote the introduction to Sachs's latest book (“My professor. In time, his
autograph will be worth a lot more than mine.”), and Sachs gushes all over Bono in the text
(“Bono brilliantly brought the AIDS tragedy to the attention of several key leaders of the
religious right.”). This book, TheEnd ofPoverty (Penguin Press, 2005), is a manifesto and …
Jeffrey Sachs is a complicated guy. His first claim to fame was as the doctor who administered “shock therapy” in Bolivia, Poland, and Russia. Now he’s Bono’s traveling companion. Bono wrote the introduction to Sachs’s latest book (“My professor. In time, his autograph will be worth a lot more than mine.”), and Sachs gushes all over Bono in the text (“Bono brilliantly brought the AIDS tragedy to the attention of several key leaders of the religious right.”). This book, TheEnd ofPoverty (Penguin Press, 2005), is a manifesto and how-to guide on ending extreme poverty around the world. The subtitle,“Economic Possibilities for Our Time,” echoes Keynes’s famous 1928 essay,“Economic Possibilities for Our Grandchildren,” which forecast, rightly, that we would be able to meet all the basic material needs of humankind two generations later essentially today. We could, but we don’t. Worldwide, about 1billion people live on the equivalent of less than $1 a day, the official definition of extreme poverty; 2 billion live on less than $2, which officialdom considers normal poverty. These estimates have been criticized for being too low, and the definition of poverty for being too crude, but still, the numbers are criminally large. Sachs uses this book to promote the United Nations’ Millennium Development Goals (on which he is an advisor to Secretary General Kofi Annan), which were agreed to by 147 heads of state gathered in New York in September 2000. These include halving the numbers of the extremely poor and halving the numbers ofthe hungry by 2015; achieving universal literacy and primary education; promoting gender equality and the empowerment of women; reducing child mortality by two thirds; improving maternal health; combating HIV/AIDS, malaria, and other horrid diseases; ensuring environmental sustainability; and developing a global partnership for development (which amounts to a nicer neoliberalism). Achieving these goals, on Sachs’s estimates, would require about $80 billion a year over the next ten years not much next to current world output of $35 trillion
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