World Bank memos

[James Baird]

>
>Well, the *good* option would be for those of us in the first world to
>provide those of us in the third world with powerful incentives and
>capabilities to industrialize cleanly by providing large amounts of
>development aid, technological assistance, and pollution control 
hardware.
>
>But while that's not very expensive in terms of gross world product, 
it's
>too expensive for our current political configuration to support...
>
>
>Brad DeLong
>

Wouldn't that in practice translate into "We in the first world must 
provide subsidies to multinational corporations so that they can 
undermine wages in their home countries and make obscene profits with 
slave labor while polluting perhaps a little bit less"?

Come on, Brad - can't you even rise above the level of Paul "Low wages 
are good for you" Krugman?

Jim Baird

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