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President Biden’s nomination of Ajay Banga, the former CEO of Mastercard, to succeed David Malpass as World Bank president suggests that the Biden administration is prioritizing climate change over the World Bank’s founding mission of poverty eradication and economic development. This was made clear in the president’s statement singling out climate change as the most urgent challenge of our time.
A former ambassador to China and an advisor to the government on climate change, Shekhar's most enduring accomplishments were his definitive accounts of the 1947-48 Kashmir crisis and the Bangladesh liberation war of 1971.
An actual war is raging in Ukraine, with countless direct and indirect victims, an economic crisis like no other in recent memory is ravaging working households and that “invisible thief”, namely inflation, is wiping out whatever was left of the middle class, forcing once-benefactors of food banks to become their beneficiaries. All the while, it seems that nobody is placing the blame where it belongs.
It is musings and questions like these that we recently discussed with Former President of the Czech Republic, Prof. Ing. Václav Klaus. In the interview that follows, he offers a lot of food of thought, drawing from his own extensive experience in politics during the most challenging times in modern memory and his deep understanding of geopolitics, economics and human nature itself.