Larry Summers is not a friend of We the People. "At the same time, he signed a memo that argued that the World Bank should encourage dirty industries to dump their wastes in poor countries. On what basis did Larry Summers make this assertion? Because poor countries have the lowest incomes, impairing their health would have the lowest economic cost. They are already poor so damaging their health and lives has the lowest economic cost, according to Larry Summers. He also argued that poor countries are “UNDER-polluted” and rich countries need to remedy that, according to him. Finally, in the same memo, he argued that–since the poor already die so quickly, it’s okay to dump cancer-causing toxic waste there because they will already be dead before they get cancer. According to Larry Summers, all of these reasons argue in favor of funneling the world’s toxic wastes to the doorsteps of the world’s poor. Two years after he signed the Defense of Dirty Industries memo, Summers went to work for the Clinton Administration, where he eventually rose to Secretary of the Treasury in 1999. Unsurprisingly, given his penchant for encouraging international trade in toxic waste, during his tenure at the Treasury Department Larry Summers devoted himself to international trade issues. He had his fingers in the pie in many places including in post-Soviet Russia, where he pressed for “privatization”–encouraging the Yeltsin administration to sell Russian public utilities to Mafia-connected individuals like Anatoly Chubais for copecks on the Ruble–without bothering to mention that Larry Summers’ associates stood to make huge windfall profits from those same privatization moves. Though these privatizations robbed decades of public equity from the Russian people, leading to destitution and crushing poverty, they enriched the associates of Larry Summers. [Full disclosure: this author lived in St. Petersburg, Russia during this time and experienced the privations first hand]. Yet, Larry Summers also thought the best plan was to “encourage investment” by gutting the already paltry Russian Social Security payments. Larry Summers is always willing to advocate pain for the little people." Visit Liberal America to read more. One Small Woman Will Bring Down The Evilest Man In America | LiberalAmerica.org
Posted on: Mon, 26 Aug 2013 19:15:00 +0000
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