“The war in Ukraine comes on top of the Covid crisis which, itself, was an accelerating phenomenon of fundamental crises”, estimated Friday morning the economist Esther Duflo, winner of the Nobel Prize in economics in 2019, guest from France. Inter. “All of this is on top of the climate crisis” and we are “at the confluence of a series of factors that cause inflation and have other direct consequences”, particularly in terms of food, she believes.
However, “there is enough food for everyone in the world,” she said. “We must not be pessimistic, it’s not a question of availability, it’s a question of price. Which puts us, we rich countries, facing an immense responsibility, to have an adequate distribution of food immediate and income to be able to afford it vis-à-vis the rest of the world.”
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Superprofits: the opportunity “to improve the justice of our tax system”
In the same way as for private jets, Esther Duflo believes that the idea of taxing superprofits is “the tip of the iceberg”. “We must ask ourselves more fundamentally the question of the distribution of the benefits and resources that exist and this can only go through an overhaul of the taxation system”, she continues. “It’s a really good idea because we have to seize every moment to improve the fairness of our tax system. Even if it’s just part of the solution, it can start a conversation about the very fact that profits businesses are often not taxed.”
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“We need drastic sobriety,” says Esther Duflo. The fight against the climate emergency can only pass “through a change in behavior, but sorting garbage cans and turning off the lights are essential things and at the same time completely insufficient”. According to the economist, “progress on climate change can only pass through strong political action and in particular a better distribution of income”. Climate change is caused by our behavior as rich countries and by the richest within them, she continues, “because the richer we are the more we consume and the more we consume the more we produce, so there is a link between the distribution income and the fight against climate change”.
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Esther Duflo, economist: “The war in Ukraine, the Covid crisis, are added to fundamental crises”
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