Tuesday, November 14, 2006

Jeffrey Sachs sees the light

In strong and vibrant democracies, a generous social-welfare state is not a road to serfdom but rather to fairness, economic equality and international competitiveness.
Jeffrey Sachs, the former free-market ideologue who advised Russia to opt for cut-throat capitalism has now accepted that the facts on the ground simply don't support the Washington Consensus. The road to stability, social justice and economic success is through a strong welfare state.

1 comment:

Larry Gambone said...

And another "pseudo" see the light. Amazing how we need to have these "great thinkers" to tell us what any self-respecting garage mechanic knows. Amazing also, when such "great thinkers" can be such colossal idiots as to believe a society will prosper through impoverishing its population by destroying its social services and other protections...

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