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?

Published by bingregory

Official organ of an American Muslim in Malaysian Borneo, featuring plants, pantuns and pictures from the Malay archipelago. Oversharing since 2002.

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  1. 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)

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