Jeffrey D. Sachs's Blog, page 31

Apple’s $14.5 BillIon In Back Taxes Should Belong To The U.S.—But We Didn’t Want To Take It

The recent European Commission order to Ireland to collect $14.5 billion in back taxes from Apple Inc. has led to outcries from Apple, Ireland, and theUnited States government. Apple, of course, defends its aggressive tax avoidance schemes. Ireland defends its tax-haven status. And the U.S. government claims the money may actually be owed to the U.S. rather than [...]

Decoding the federal budget

There is nothing more important for our economic future — or less understood — than the federal budget. It allocates around 20 percent of our national output to such crucial priorities as health, education, science, the environment, and national defense. It determines, to a large extent, the extent of suffering from poverty and even the [...]

Economic choices facing the United States: Why we need a new direction

Over the next several weeks, I will explore the economic choices facing the United States and its relations with the rest of the world. The election season obviously makes this timely, yet the real choices facing our country will not be settled in November. The debates will take place over many years. We had best [...]

America’s True Role in Syria

Syria’s civil war is the most dangerous and destructive crisis on the planet. Since early 2011, hundreds of thousands have died; around ten million Syrians have been displaced; Europe has been convulsed with Islamic State (ISIS) terror and the political fallout of refugees; and the United States and its NATO allies have more than once [...]

How Clinton, Trump rank on federal debt

Trump, Clinton and the ‘Modern Democratic Party’

Sputtering US economy

Sustainable development: a new kind of globalization

Around the world, people are calling for a new kind of globalization. The current version, once called the Washington Consensus, has delivered economic growth but at enormous cost: rising inequalities of income, massive environmental destruction, and growing lawlessness. The search is on for a new approach, sometimes called sustainable development, to ensure that economic growth [...]

Why ISIS Persists

Deadly terrorist attacks in Istanbul, Dhaka, and Baghdad demonstrate the murderous reach of the Islamic State (ISIS) in Europe, North Africa, the Middle East, and parts of Asia. The longer ISIS maintains its strongholds in Syria and Iraq, the longer its terrorist network will create such carnage. Yet ISIS is not especially difficult to defeat. [...]

Brexit is a symptom of globalization’s deeper ills

Britain’s vote to leave the European Union raises three huge questions. Why did a majority vote “leave”? What will be the consequences? And, of course, what should be done now? These questions are as pertinent for the United States as they are for the UK and Europe. Read the full article at The Boston Globe.