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The American Empire in a Changing World



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Tuesday, March 27, 2012

"The Quest for Growth in...Corporate Profits has in Fact Worsened the Lives of Millions of Women and Men"

h/t infocyde.............From Economic Policy Journal

"The above quote is from the introduction to a book co-written by President Obama's nominee for head of the World Bank, Jim Yong Kim.

In full it reads:


The studies in this book present evidence that the quest for growth in GDP and corporate profits has in fact worsened the lives of millions of women and men.
While there is much to criticize about GDP as a method to calculate "aggregate" wealth of a nation (See China's pseudo GDP numbers), this is not likely Kim's concern with GDP. He is anti-real growth and climbing standards of living. In short, he sounds like a Castro-type commie."

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