Suffering Asian People

That’s the real meaning of the World Bank’s SAPs. Have a look at The Whirled Bank, a very well done parody of my least favorite lending institution. From Sassafrass by way of this Metafilter thread. Inside the Whirled Bank site, they have a surprising speech byHerman Daly, a former WB chairman, in which he quotes Keynes, the father of modern economics thusly:

I sympathize therefore, with those who would minimize rather than those who would maximize, economic entanglement between nations. Ideas, knowledge, art, hospitality, travel-these are the things which should of their nature be international. But let good be homespun whenever it is reasonably and conveniently possible; and, above all, let finance be primarily national.

When did economists lose this bit of wisdom?

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You’re currently reading “Suffering Asian People,” an entry on Bin Gregory Productions

Published:: 04.28.03 / 11am

Category:: On the Web

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~Lin~ 05.15.03 / 5am

when the $$$$ is all they see…

(having a commenting frenzy on your website. must be weird to have a total stranger doing this . once in a while, i’ll break the monotonous cycle of just staying a lurker)
Bin Gregory Productions 05.15.03 / 10am

Silakan, Silakan. It’s too quiet here usually.

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Briefly

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that some people will react rather badly to having their country compared to the USSR. I would like to assure you that the Soviet people would have reacted similarly, had the United States collapsed first. Feelings aside, here are two 20th century superpowers, who wanted more or less the same things – things like technological progress, economic growth, full employment, and world domination – but they disagreed about the methods. And they obtained similar results – each had a good run, intimidated the whole planet, and kept the other scared. Each eventually went bankrupt.
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