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Thursday, February 7, 2019

(What’s Left of) Our Economy: A Laughable Indictment of Trump’s World Bank Choice

(What’s Left of) Our Economy: A Laughable Indictment of Trump’s World Bank Choice

by  in (What's Left of) Our Economy

I was going to post this morning on more implications of yesterday’s new monthly U.S. trade figures, but as so often happens, the Mainstream Media has just come out with an article whose mind-boggling cluelessness reveals such deep-seated biases that I had to switch gears. Special bonus – it didn’t even come from a mainstay of the establishmentarian U.S. foreign policy and globalization Blob. Instead, we have the Financial Times editorial board to thank.
What other conclusion can be reasonably drawn from the FT editorial slamming President Trump’s appointment of David Malpass to head the World Bank?
Not that Malpass has been God’s Gift to Economics or to the cause of third world economic development. But according to the FT, a big problem with Malpass is that he lacks the leadership experience as well as intellectual and often political heft of previous U.S. choices like – wait for it – Robert S. McNamara.
That’s right – the same Robert McNamara who deserves such blame for the American disaster in Vietnam...

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