A Columbia Professor Grades Trump’s Economic Policy
Jeffrey Sachs, from the Rust Belt himself, shares his thoughts on Trump's economic plans and shares some red flags to watch for as new policy proposals surface.
Jeffrey Sachs is is an American economist and co-founder and chief strategist of Millennium Promise Alliance, a nonprofit organization dedicated to ending extreme poverty and hunger. He is also the former director of The Earth Institute at Columbia University, where he holds the title of University Professor, the highest rank that Columbia bestows on its faculty.
Jeffrey Sachs: If you’re from the rust belt the first thing I would say is so am I. I’m a Detroiter. And so I understand the situation in the rust belt and it’s a bad situation. Now Donald Trump won votes there by saying I’m going to fix your situation and he said how he proposes to do it. He said you’re suffering because China has taken advantage of us, bad trade deals because of migrants in our country, because of Mexico and NAFTA and our jobs going overseas and so forth.
I’d give that a rounded D, you know. Probably passing for effort but obviously didn’t do much reading and doesn’t really understand economics very much. The first thing I would say is, “Donald, you’re my student. Didn’t you read about the widening income inequality in the country – that as those voters in the rust belt are suffering your buddies, the billionaires that you put in the cabinet they’re having the time of their lives. How about remembering that in your essay?"
The point I would say to the rust belt is you have now heard the words of a typical populist. A populist looks at a real problem and says it’s the foreigners that caused it. It’s the other people that caused it. A populist always is looking for misdirection for the enemy. It’s kind of like a magic act where the magician tries to make you look over here while they’re stealing out of your pocket on the other side. That’s what’s going on in America right now.
The problem with populism is it doesn’t work. So he may try to beat up on China, good luck to us. We could end up with a real global crisis if they try that. He could try to beat up on Mexico. Probably a little bit more success in the sense of doing harm to others but we’d have a pretty bad backlash as well. But what he can’t do is solve your rust belt problems that way. That he can’t do
So I would say, you know, now it’s your turn to grade the paper because you’re going to be watching Donald turn in weekly exam papers and so you’re going to have to be grading him. Who are the beneficiaries of his actions? Are the rich going to get richer? How many jobs do you really think are coming home? If Ford says, “Okay, we won’t invest in Mexico, we’ll invest in the U.S.” and that creates 700 jobs for a $700 million investment, one job per million dollars. How far are we going to get that way?
You’re going to be the graders now and I would say think hard and seriously. Are you watching gimmicks? Are tweets going to solve your problem or are you hearing solutions that are not solutions for a few rich people but are solutions for you? And one more thing I would recommend to Americans. He’s going to come across and say, “I’m going to cut your taxes and I’m going to cut the rich people’s taxes. I’m going to cut everybody’s taxes.” And Americans will say, “Whoa, that’s wonderful. That’s great.” But then they should think for a moment. “Okay, well isn’t that going to raise the deficit? Okay, isn’t that going to be a lot of more public debt? Yeah. Who’s going to pay for that? My kids?” Or if you’re a young millennial; “I’m going to pay for that! What the heck is that – giving tax breaks to 70-year-old friends of our 70-year-old president and leaving me with the debt?”
So that I think is how we’re going to have to grade this government. And so far they don’t do their homework. They don’t do their reading. They haven’t really studied very hard and so far if they’re passing it’s close to failing.
The Rust Belt was promised a lot this election – will those promises, which are now transitioning into policies, be made good? Economist and UN advisor Jeffrey Sachs is a Rust Belt native himself, and believes it’s in the hands of people in that area to take an informed look at the economic proposals of the Trump administration – will these proposals benefit the average person, or is there misdirection and populist scapegoating at play that will only serve to make the rich richer? Sachs provides some red markers to watch for when listening to policy proposals, and offers a question to keep in mind: "Who is going to pay for that tax break?" It may not be the answer the people of the Rust Belt signed up for. Jeffrey Sachs's most recent book is Building the New American Economy: Smart, Fair, and Sustainable.
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What is human dignity? Here's a primer, told through 200 years of great essays, lectures, and novels.
- Human dignity means that each of our lives have an unimpeachable value simply because we are human, and therefore we are deserving of a baseline level of respect.
- That baseline requires more than the absence of violence, discrimination, and authoritarianism. It means giving individuals the freedom to pursue their own happiness and purpose.
- We look at incredible writings from the last 200 years that illustrate the push for human dignity in regards to slavery, equality, communism, free speech and education.
The inherent worth of all human beings<p>Human dignity is the inherent worth of each individual human being. Recognizing human dignity means respecting human beings' special value—value that sets us apart from other animals; value that is intrinsic and cannot be lost.</p> <p>Liberalism—the broad political philosophy that organizes society around liberty, justice, and equality—is rooted in the idea of human dignity. Liberalism assumes each of our lives, plans, and preferences have some unimpeachable value, not because of any objective evaluation or contribution to a greater good, but simply because they belong to a human being. We are human, and therefore deserving of a baseline level of respect. </p> <p>Because so many of us take human dignity for granted—just a fact of our humanness—it's usually only when someone's dignity is ignored or violated that we feel compelled to talk about it. </p> <p>But human dignity means more than the absence of violence, discrimination, and authoritarianism. It means giving individuals the freedom to pursue their own happiness and purpose—a freedom that can be hampered by restrictive social institutions or the tyranny of the majority. The liberal ideal of the good society is not just peaceful but also pluralistic: It is a society in which we respect others' right to think and live differently than we do.</p>
From the 19th century to today<p>With <a href="https://books.google.com/ngrams/graph?year_start=1800&year_end=2019&content=human+dignity&corpus=26&smoothing=3&direct_url=t1%3B%2Chuman%20dignity%3B%2Cc0" target="_blank" rel="noopener noreferrer">Google Books Ngram Viewer</a>, we can chart mentions of human dignity from 1800-2019.</p><img type="lazy-image" data-runner-src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yNDg0ODU0My9vcmlnaW4ucG5nIiwiZXhwaXJlc19hdCI6MTY1MTUwMzE4MX0.bu0D_0uQuyNLyJjfRESNhu7twkJ5nxu8pQtfa1w3hZs/img.png?width=980" id="7ef38" class="rm-shortcode" data-rm-shortcode-id="9974c7bef3812fcb36858f325889e3c6" data-rm-shortcode-name="rebelmouse-image" />
American novelist, writer, playwright, poet, essayist and civil rights activist James Baldwin at his home in Saint-Paul-de-Vence, southern France, on November 6, 1979.
Credit: Ralph Gatti/AFP via Getty Images
The future of dignity<p>Around the world, people are still working toward the full and equal recognition of human dignity. Every year, new speeches and writings help us understand what dignity is—not only what it looks like when dignity is violated but also what it looks like when dignity is honored. In his posthumous essay, Congressman Lewis wrote, "When historians pick up their pens to write the story of the 21st century, let them say that it was your generation who laid down the heavy burdens of hate at last and that peace finally triumphed over violence, aggression and war."</p> <p>The more we talk about human dignity, the better we understand it. And the sooner we can make progress toward a shared vision of peace, freedom, and mutual respect for all. </p>
Researchers dramatically improve the accuracy of a number that connects fundamental forces.
- A team of physicists carried out experiments to determine the precise value of the fine-structure constant.
- This pure number describes the strength of the electromagnetic forces between elementary particles.
- The scientists improved the accuracy of this measurement by 2.5 times.
The process for measuring the fine-structure constant involved a beam of light from a laser that caused an atom to recoil. The red and blue colors indicate the light wave's peaks and troughs, respectively.
Scientists at Washington University are patenting a new electrolyzer designed for frigid Martian water.
- Mars explorers will need more oxygen and hydrogen than they can carry to the Red Planet.
- Martian water may be able to provide these elements, but it is extremely salty water.
- The new method can pull oxygen and hydrogen for breathing and fuel from Martian brine.
The WashU electrolyzer<iframe src='https://mars.nasa.gov/layout/embed/model/?s=6' width='800' height='450' scrolling='no' frameborder='0' allowfullscreen></iframe><p>The WashU electrolyzer—it has no snappy acronym yet—will not be the first device capable of extracting oxygen from Martian water. That honor goes to the Mars Oxygen In-Situ Resource Utilization Experiment, or <a href="https://mars.nasa.gov/mars2020/spacecraft/instruments/moxie/" target="_blank">MOXIE</a>, which is en route to Mars onboard NASA's <a href="https://mars.nasa.gov/mars2020/" target="_blank">Perseverance</a> rover. The rover was launched on July 30, 2020. It will arrive on February 18, 2021, and will perform high-temperature <a href="https://en.wikipedia.org/wiki/Electrolysis_of_water" target="_blank">electrolysis</a> to extract pure oxygen, but no hydrogen.</p><p>In addition to being able to capture hydrogen, the WashU system can even do a better job with oxygen than MOXIE can, extracting 25 times as much from the same amount of water.</p><p>The new system has no problem with Mars' magnesium perchlorate-laced water. On the contrary, the researchers say it ultimately makes their system work better since such high concentrations of salt keep water from freezing on such a cold a planet by lowering the liquid's freezing temperature to -60 °C. He adds it may "also improve the performance of the electrolyzer system by lowering the electrical resistance."</p><p>Cold itself is no issue for the WashU system. It's been tested in a sub-zero (-33 ⁰F, or -36 ⁰C) environment that simulates Mars'.</p><p>"Our novel brine electrolyzer incorporates a lead <a href="https://www.sciencedirect.com/science/article/abs/pii/S0926337318311299" target="_blank">ruthenate pyrochlore</a> <a href="https://en.wikipedia.org/wiki/Anode" target="_blank" rel="noopener noreferrer">anode</a> developed by our team in conjunction with a platinum on carbon <a href="https://en.wikipedia.org/wiki/Cathode" target="_blank">cathode</a>," explains Ramani. He adds, "These carefully designed components coupled with the optimal use of traditional electrochemical engineering principles has yielded this high performance."</p>
Back home<p>"This technology is equally useful on Earth where it opens up the oceans as a viable oxygen and fuel source," Ramani notes. His colleagues forsee potential applications such as producing oxygen in deep-sea habitats with ample water available, such as underwater research facilities and submarines.</p><p>The study's joint first author Pralay Gayen says that "having demonstrated these electrolyzers under demanding Martian conditions, we intend to also deploy them under much milder conditions on Earth to utilize brackish or salt water feeds to produce hydrogen and oxygen, for example, through seawater electrolysis."</p>
Scientists find that bursts of gamma rays may exceed the speed of light and cause time-reversibility.
- Astrophysicists propose that gamma-ray bursts may exceed the speed of light.
- The superluminal jets may also be responsible for time-reversibility.
- The finding doesn't go against Einstein's theory because this effect happens in the jet medium not a vacuum.
Jet bursting out of a blazar. Black-hole-powered galaxies called blazars are the most common sources detected by NASA's Fermi Gamma-ray Space Telescope.
Cosmic death beams: Understanding gamma ray bursts<div class="rm-shortcode" data-media_id="cu2knVEk" data-player_id="FvQKszTI" data-rm-shortcode-id="c6cfd20fdf31c82cb206ade8ce21ba3f"> <div id="botr_cu2knVEk_FvQKszTI_div" class="jwplayer-media" data-jwplayer-video-src="https://content.jwplatform.com/players/cu2knVEk-FvQKszTI.js"> <img src="https://cdn.jwplayer.com/thumbs/cu2knVEk-1920.jpg" class="jwplayer-media-preview" /> </div> <script src="https://content.jwplatform.com/players/cu2knVEk-FvQKszTI.js"></script> </div>
Pfizer's vaccine needs to be kept at -100°F until it's administered. Can caregivers deliver?
- Fair distribution of the Moderna and Pfizer vaccines is especially challenging because they need to be stored at extremely cold temperatures.
- Back in 2018, the WHO reported that over half of all vaccines are wasted worldwide due to lack of cold storage, and they were only talking about vaccines that need to be chilled or kept at standard freezer temperatures.
- Real-time logistics data, location tracking, and information about movements are crucial to track shipment progress, product temperature and other conditions.