WILLIAM EASTERLY
(William Russell Easterly)
The rich whites won the class war by splitting the poor and working class with race hatred and then coopting one half—the poor whites so that neither the poor whites or blacks obtained much and even into the 21st century the poor of the American South were the worst off of all the poor in America.
He was referring to foreign aid where plans developed by one culture tended not to work will in the recipient culture. He advocated an empirical deployment of the money in a manner consistent with the local cultures and norms. Opponents argue that most third world recipient culture have norms of corruption and inefficiency and taxpayers of donor countries will not long support their money being channeled into the pockets of corrupt leaders.
William Russell Easterly is an American economist, specializing in economic development. He is a Professor of Economics at New York University, joint with Africa House, and Co-Director of NYU’s Development Research Institute. He is a Research Associate of NBER, senior fellow at the Bureau for Research and Economic Analysis of Development (BREAD) of Duke University, and a nonresident senior fellow at the Brookings Institution in Washington DC. Easterly is an associate editor of the Journal of Economic Growth.
