Weekend Economists "To Insure Domestic Tranquility" March 23, 2012

[Demeter]

53. Breaking Glass Ceiling Against Compassionate Expertise, Obama Taps Jim Yong Kim to Lead World Bank

http://www.huffingtonpost.com/robert-naiman/breaking-glass-ceiling-ag_b_1376141.html



...Jeffrey Sachs, another leading member of the community of people who have been pushing for greater access to health services to be a higher priority for the World Bank, and who had entered his name as a candidate to lead the World Bank to promote the demand that the Bank should be led by a development expert rather than a banker or politician, immediately withdrew his candidacy and declared his support for Dr. Kim, the BBC reports:

Following Dr Kim's nomination, US development economist Jeffrey Sachs who had been put forward by several smaller, developing countries, announced his withdrawal from the race.

He had argued that the World Bank should be led by a development expert.

"Prof Sachs supports Dr Kim 100% and with complete enthusiasm," his spokeswoman said...



OH YEAH? IN THIS TIME OF BANKING CORRUPTION, WE SHOULD JUST CHANGE THE SUBJECT? PARDON MY SKEPTICISM. IF SACHS WAS REALLY SINCERE, HE WOULDN'T NEED A "SPOKESWOMAN" TO CONVEY HIS FEELINGS...

On Thursday, Uri Dadush and Moisés Naím noted in the Washington Post:

The scandal over the repellent way the World Bank president is appointed has obscured an equally scandalous situation: the appointment process of the rest of the senior managers at the bank and the International Monetary Fund (IMF). They too are selected through opaque, quota-driven negotiations that are a far cry from the meritocracy these two institutions claim to value and preach to others...

I STILL SAY JIM KIM IS A SOCK PUPPET. HE WILL BE REDUCED TO A FIGUREHEAD, EMPTY SUIT. THE 1% WILL SEE TO IT.