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James Wolfensohn

James Wolfensohn Biography

Lawyer

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“Today, you have 20 percent of the world controlling 80 percent of the Gross Domestic Product; you've got a $30 trillion (US) world economy, and $24 trillion of it is in the developed countries... These inequities can't exist. So if you are talking about systemic breakdown, I think you have to look in terms of social breakdown.”

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“Kosovo is an agricultural economy particularly. It also has a couple of good power stations that exported power, and the big cooperative which they had there in the mining field is no longer functioning. So there is no immediate employment available for people in the industrial sector. All that needs to be going. But you will remember that it is part of Yugoslavia, and much of its trade and its dependence was on Serbia and Montenegro.”

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“I was told 20% of the kids in Kosovo didn't know where their parents were. This is a dreadful problem. A woman that I was with, a doctor, had seen her house destroyed and her uncle, who was a professor, taken out and shot. She's there, anxious now, trying to build relations with the Serbs, and said that she was trying to do this, but she was underlying how difficult it is with these images in your mind. And I think that is what has caused this terrible bloodshed that occurred just days ago in relation to the Serbs that were shot. I think that there is a need for a period of healing.”

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“What we need to do is increase the totality of money that is given to the poorest areas and then we can do more on prevention but we have crucial needs at the moment just to get people out of poverty and to get the eight hundred million people that go to bed at night hungry, give them some food and some hope.”

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