By Yong Kwon
Since the news broke that Larry Summers is advising the Biden campaign, several progressive commentators and organizations have called out the former Treasury Secretary’s regressive politics on income inequality and environmental regulation. And, of course, his past sexist remarks on women, science, and math will haunt him forever.
Adding to this growing list of reasons that disqualify him from shaping the Democratic Party’s policy platform, Summers’ approach to international economic policy compromises the welfare of workers. He also lacks the vision to coordinate a much-needed international response to recurring global crises. His actions during the 1997 Asian Financial Crisis showed remarkable apathy toward marginalized communities, especially women. Moreover, his poor stewardship of that financial maelstrom directly contributed to the 2007 global financial crisis. It is time for Democrats to move on to thinkers who rightly focus on international solidarity and economic justice everywhere.