Jeffery Sachs as Part of the Corrupt Power Structure
Executive Summary
- Columbia Fictional Bio
Introduction
Columbia’s Fictional Bio
Jeffery Sachs’ Columbia web page is effusive with accomplishments, committees he sits on, and presents him as both a genius and an all-around great guy.
What is missing from his resume is his work with Russia during the 1990s when he was one of the architects of Russia’s economic collapse, along with Larry Summers. Their ideas were both incredibly stupid, corrupt and damaging to Russia in a long-term way that is hard to completely appreciate unless you lived through it. Jeffery Sachs now focuses on poverty reduction. This is ironic as he was so instrumental in increasing the poverty of Russians. Here is a brief explanation of Sachs involvement:
Through the late summer and fall of 1991, as the Soviet state fell apart, Harvard Professor Jeffrey Sachs and other Western economists participated in meetings at a dacha outside Moscow where young, pro-Yeltsin reformers planned Russia’s economic and political future. Sachs teamed up with Yegor Gaidar, Yeltsin’s first architect of economic reform, to promote a plan of “shock therapy” to swiftly eliminate most of the price controls and subsidies that had underpinned life for Soviet citizens for decades. Shock therapy produced more shock–not least, hyperinflation that hit 2,500 percent–than therapy. One result was the evaporation of much potential investment capital: the substantial savings of Russians. – https://www.thenation.com/doc/19980601/wedel/2
Memory
It is important to have a memory. Because Americans do not, we allow corrupt charlatans like Jeffery Sachs, Milton Friedman and Larry Summers prance around showing off their advanced degrees, while hoping we don’t notice they have been thoroughly purchased by the power structure. All of these men are more concerned with the quality of their corporate funded hotel suites, their egos, and prominence over the quality of their work. Having lived through it, many Russians do have a memory, many Russians do remember Sachs.
Sachs admits to no responsibility for the Russian catastrophe. When I interviewed him in November 2002, I asked him to comment on the (incontrovertible) fact that he’s viewed by scores of millions of Russians, as one journalist has put it, as either an emissary of Satan or of the CIA. He answered that he found this question “disgusting,” “perverse,” and like nothing, he’s ever been asked before. The global elite leads a very insulated life. -https://www.leftbusinessobserver.com/Sachs.html
It is very simple. If you are a prominent person, there is no accountability. If you are Jeffery Sachs or Larry Summers, you can be wrong over and over again. You can sell out your objectivity to hedge funds, you can give terrible advice that negatively affects entire countries. In fact, Larry Summers is doing this again as an advisor to Obama….and nothing will even happen to him. Columbia University will write up web pages in your honor and your power and prestige will only grow.
References
https://www.thenation.com/doc/19980601/wedel
https://www.leftbusinessobserver.com/Sachs.html
https://rothkopf.foreignpolicy.com/posts/2009/03/13/slow_down_barack_youre_killing_us
https://www.independent.co.uk/opinion/commentators/dominic-lawson/dominic-lawson-jeffrey-sachs-is-wrong-once-again-rising-population-isnt-going-to-destroy-the-planet-444430.html