Saturday, February 27, 2010
A given amount of health-impairing pollution should be done in the country with the lowest cost, which will be the country with the lowest wages. I think the economic logic behind dumping a load of toxic waste in the lowest-wage country is impeccable and we should face up to that.” - Lawrence Summers, as Chief Economist of the World Bank (currently the head of President Obama’s National Economic Council), in an internal memo to a colleague arguing that the World Bank should encourage poor countries to sell space for western pollution.
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