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The Guardian - UK
The Guardian - UK
World
Kevin Watkins

We can afford to reverse poverty and climate breakdown. What we can’t afford is the alternative

Childre in a camp for the internally displaced in the town of Quitunda, Mozambique
‘There is an urgent need to convert unpayable debts into investments in health, education and safety nets.’ Camp for the internally displaced in Mozambique. Photograph: Baz Ratner/Reuters

“The peoples of the Earth,” Henry Morgenthau said, “are inseparably linked by a deep underlying community of purpose.”

In July 1944, Morgenthau, the US Treasury secretary, was closing the Bretton Woods conference with a reflection on extreme nationalism and the failures of cooperation that had led to war. Cautioning against the pursuit of national interest through “the plan-less, senseless rivalry that divided us”, he outlined an accord for new institutions grounded in an appeal to shared humanity.

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