"Energetic action on debt would make a radical difference to the prospects of many of the poorest countries in the world, at no practical cost to creditor countries"
About this Quote
The key move is the claim of “radical difference” paired with “no practical cost.” That’s a classic technocratic two-step: promise transformational impact while pre-emptively disarming the taxpayer’s suspicion that generosity abroad means sacrifice at home. “Practical” is the escape hatch. Of course there are costs - political, institutional, even psychological. Creditors don’t like setting precedents; finance ministries fear moral hazard; voters dislike anything that looks like a write-off for governments they’re told are corrupt. Clarke’s line sidesteps those landmines by translating a moral argument into the language of low-stakes policy.
Context matters: this is the era of late-20th/early-21st century debt relief campaigns, when “Third World debt” became a public moral issue (think Jubilee 2000) and the G7 flirted with forgiveness as enlightened self-interest. Clarke’s subtext is that creditor nations already have the power; what’s missing is urgency. He’s also implying something more pointed: that keeping poor countries in permanent arrears isn’t prudence, it’s a choice - and an embarrassing one for rich democracies that claim to value stability, growth, and human dignity.
Quote Details
| Topic | Justice |
|---|---|
| Source | Help us find the source |
| Cite |
Citation Formats
APA Style (7th ed.)
Clarke, Kenneth. (2026, January 17). Energetic action on debt would make a radical difference to the prospects of many of the poorest countries in the world, at no practical cost to creditor countries. FixQuotes. https://fixquotes.com/quotes/energetic-action-on-debt-would-make-a-radical-81015/
Chicago Style
Clarke, Kenneth. "Energetic action on debt would make a radical difference to the prospects of many of the poorest countries in the world, at no practical cost to creditor countries." FixQuotes. January 17, 2026. https://fixquotes.com/quotes/energetic-action-on-debt-would-make-a-radical-81015/.
MLA Style (9th ed.)
"Energetic action on debt would make a radical difference to the prospects of many of the poorest countries in the world, at no practical cost to creditor countries." FixQuotes, 17 Jan. 2026, https://fixquotes.com/quotes/energetic-action-on-debt-would-make-a-radical-81015/. Accessed 12 Feb. 2026.




