The world does not have too many people – it does have too many ill-conceived mega-projects that have created pockets of grief.The London Free Press.
(October 3, 1994) The World Bank, which is celebrating its 50th anniversary this year, has long enjoyed a sound financial reputation. But its AAA credit rating is not justified. Because of the perverse incentives under which the World Bank operates, the quality of its loan portfolio has diminished significantly, and because the bank is backed by rich-country governments, its irresponsible lending exposes Western taxpayers to a possible World Bank bailout on a scale comparable to the U.S. savings-and-loan bailout. That would leave taxpayers in the industrialized countries on the hook for $100 billion; U.S. citizens would be liable for nearly $30 billion.
“Fear by the North of environmental degradation provides the South the leverage that did not exist before.”
(April 3, 1992) “Our own backyard” conference on ecological renewal, Toronto City Hall, Toronto, ON
(October 27, 1990) View speech