Could the Auto Bailouts be Good for the Environment? - Jeffrey Sachs March 10, 2009

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Complete video at: http://fora.tv/2009/03/03/Global_Capitalism_with_Jeffrey_Sachs_and_Matthew_Bishop

Economist Jeffrey Sachs says he supports the GM bailout because the corporation plans to only produce fuel efficient vehicles, signaling a turning point in American manufacturing and sustainability. "We're basically done with the internal combustion era," says Sachs.

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Janera hosts a discussion on new forms of capitalism with Jeffrey Sachs, the Director of the Earth Institute at Columbia University and author of The End of Poverty, and Matthew Bishop, the New York Bureau Chief of The Economist and co-author of Philanthrocapitalism. - Janera

Jeffrey Sachs is the Director of the Earth Institute at Columbia University. He also is the author of Common Wealth: Economics for a Crowded Planet. Originally one of the youngest economics professors in the history of Harvard University, Sachs became renowned for implementing economic shock therapy throughout the developing world, and subsequently for his work on the challenges of economic development, environmental sustainability, poverty alleviation, debt cancellation, and globalization. Sachs lives in New York City with his wife Sonia Ehrlich Sachs, a pediatrician. They have three children.