On Jan 11, 2012, at 3:34 PM, Eric Beck wrote:
> Wasn't there some discussion here recently about whether Jeffrey Sachs
> could be useful to anticapitalist movements? This article should
> settle that debate.
>
> http://www.nytimes.com/2012/01/11/opinion/nigeria-hurtles-into-a-tense-crossroad.html
Exactly what is so horrible about this?
> The fears of corruption are absolutely understandable, but glimmers of hope — that this time will be different — are also in the air. When Nigeria won relief on its external debt in the mid-2000s, the savings on debt service were actually redirected to meaningful social investments in the states and local governments. The government is now promising to turn the outlays on subsidies into outlays on specific and closely monitored investments in health care, infrastructure, job training and other areas.
>
> To share the pain, the president has ordered cuts in top salaries in the government, and special programs for mass transit to help poor workers over the hurdle of higher transport costs. The government should also tax high-income individuals in order to raise revenues for urgent pro-poor investments and a fairer society.
is the righteous position to subsidize oil and pay bureaucrats highly while the rest of the society goes to hell?
Doug