Free-market Environmentalism, and More

(Originally published in World Bank´s People, Places, Deliberation) Richard Branson believes in accountability. When he founded Virgin Galactic, the first company to offer commercial trips to space, he promised to be on board during the inaugural flight so that he would be the first saying “oops” if need be (let’s hope not). Similarly, the tradition is that the Captain of a ship is the last one to abandon it, if things go wrong, and to go down with it if necessary (the Captain of the “Costa Concordia” being a recent exception to this rule). In earlier times, Roman engineers stood under the arches they designed as the capstone was set in place, so that the full force of their mistakes would be unleashed upon their heads. Regardless of the definition of accountability used, spotting it is easy when it is there. The Inspection Panel was designed more than 20 years ago, at a time when both the Bank and the world were quite different. Today, information travels instantaneously, and the chal...

 (Originally published in World Bank´s People, Spaces, Deliberation) Although by definition there are many anniversaries each and every year, 2015 stands out as it includes the 70th anniversary of the fall of Nazi Berlin and the 200th anniversary of the Battle of Waterloo. It is also the year in which Marty McFly (Michael J. Fox) had to return in “Back to the Future– II.” Visiting the plains of northern Mongolia today is the closest thing to travelling in time. The most salient features in this otherwise flat and infinite landscape are the Gers (from the Turkish Yurt), traditional round structures made of wood frames covered with felt and animal skins. Over centuries, these structures have evolved to protect their inhabitants from the harsh winter weather. Except by their size, today’s Gers are no different from those used by the Great Kublai Khan in the late 1200s. If you happen to have access to Netflix, you can watch the Marco Polo series and witness the portrayal of the 13...