Wednesday, April 7, 2021

Janet Yellen: "What's good for General Motors is good for the world"

This Washington Post headline says it all: "Yellen warns that slow rollout in poor countries poses threat to U.S. global economies." In other words, let’s not consider the fact that hundreds of thousands will die as a result of Biden’s refraining from supporting a proposal introduced in the World Trade Organization by South Africa and India and backed by 50 nations as well as Bernie Sanders to lift property rights that favor of heavily subsidized companies that are profiting off the anti-covid vaccine. It’s all about profits. In effect, Yellen was echoing General Charles Wilson's famous dictum of 70 years ago: The starting point in the formulation of U.S. policy has to be "What's good for General Motors is good for the country."

 

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