The US Must Return to Its Green Roots
Jeffrey Sachs, Columbia University | August 24, 2009
The panic is over but “although the worst [of the financial crisis] was avoided, much pain remains.” ++ Unemployment still rises in the West, further dislocating the political economies. ++ The US stimulus plan failed to increase public spending whereas Beijing began heavily investing in infrastructure once foreign exports reduced, increasing stability domestically. ++ This failure to invest properly has detracted from Washington’s commitment to a ‘green recovery’, a path that Obama must return to soon.
