A World Bank president who seems to believe that the greatest danger to the global poor comes from the only proven strategy to improve the quality of their lives

Obama’s Pick for World Bank Hates Capitalism

by Jacob Laksin

Imagine if President Obama appointed radical Noam Chomsky, who has denounced capitalism as a “murderously destructive catastrophe,” to head up a committee on economic growth. That’s less of a stretch than it may seem, considering Obama’s nominee to head the World Bank, current Dartmouth College President Jim Yong Kim.

Kim’s expertise is in health policy, so little is known about his views on economic development, the World Bank’s primary purpose. What is on the public record, however, is deeply troubling. A case in point is a collection of studies that Kim co-edited in 2000, Dying for Growth: Global Inequality and the Health of the Poor. The grim title accurately reflects the book’s radical central premise, namely that capitalism and economic growth is bad for the poor across the world. The introduction, which Kim co-authored with several other academics, states the point bluntly: “The studies in this book present evidence that the quest for growth in GDP and corporate profits has in fact worsened the lives of millions of women and men.”

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