Jeffrey Sachs’s Blind Spot

By David Gordon:

Jeffrey Sachs is no friend of the free market, and I am not known for favorable reviews. It was not to be expected, then, that I would like his new manifesto; and indeed I do not. But one excellent chapter almost redeems the book; and the chief complaint to be made against Sachs is that he fails to apply the lessons of this chapter elsewhere in his analysis.”

“For almost the entire book, Sachs calls for greater state intervention and planning of the economy. But Chapter 10, “From Guns to Butter,” tells a different story. Here Sachs sounds like Ron Paul or Murray Rothbard, sharply condemning the American Empire.”

The United States has a long history of using covert and overt means to overthrow governments deemed to be unfriendly to U.S. interests, following the classic imperial strategy of rule through locally imposed friendly regimes. . .these wars destabilized and impoverished the countries involved rather than settling the politics in America’s favor. The wars of regime change were, with few exceptions, a litany of foreign policy failures. They were extraordinarily costly for the United states itself. (pp. 81, 84)”