After an entire career of failing up, and the immiseration of millions of people, it looks like Larry Summers is seeing some incredibly well deserved karma.
First, the American Economic Association has banned Larry Summers for life.
Personally, I hope that this ban continues for its full term, and that the actual length of this sanction will be brief. (If Mr. Summers could dine on excrement while shortening the ban duration it would be sweet)
The American Economic Association (AEA) has accepted Lawrence H. Summers' voluntary resignation from membership and, pursuant to the AEA's Policies, Procedures, and Code of Professional Conduct, has imposed a lifetime ban on his membership. In addition, effective immediately, the AEA has imposed a lifetime prohibition on Mr. Summers' attending, speaking at, or otherwise participating in AEA-sponsored events or activities, including serving in any editorial or refereeing capacity for AEA journals. The AEA condemns Mr. Summers' conduct, as reflected in publicly reported communications, as fundamentally inconsistent with its standards of professional integrity and with the trust placed in mentors within the economics profession. Consistent with longstanding AEA practices and to protect the integrity and confidentiality of AEA processes, the AEA will not comment further on individual matters or the specific considerations underlying this determination.
The AEA is committed to upholding the highest standards of professional conduct and to fostering a safe, respectful, and inclusive environment for all members of the economics community. The AEA affirms its expectation that all members adhere to the AEA Code of Professional Conduct and the AEA Policy on Harassment, Discrimination, and Retaliation, and remains dedicated to maintaining professional environments in which economists of all backgrounds can participate fully, and with dignity and respect.
Meanwhile, writing in The Crimson, the Roy L. Furman Professor of Law at Harvard Law School and Harvard alumnus states the obvious, that the Cambridge, Massachusetts school activelhy and aggressively covered up its eager involvement with Jeffrey Epstein, particularly the involvement of Summers:
In 2019, Jeffrey E. Epstein was charged with the sex trafficking of minors. That charge triggered a wave of recriminations across the nation, including at some of America’s most elite universities. In the decade since his first arrest in 2006 for soliciting prostitution with a child, Epstein had nurtured close connections with some of the most prominent academics in the country.
Those recriminations also reached Harvard. While Harvard President Drew G. Faust had forbidden the University from directly accepting his money after a 2008 child-sex conviction, between 2010 and 2015, Epstein facilitated over $9 million in donations from associates like Leon Black to support work at Harvard — with the knowledge and encouragement of Harvard development staff.
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Almost a year after that first report, the University concluded its investigation, and took formal action against just one member of the Harvard faculty: Martin A. Nowak. Nowak was “disciplined” for his ongoing professional relationship with Epstein. His Program for Evolutionary Dynamics, funded with the help of Epstein, was shuttered, and he was banned from serving as a principal investigator on any academic research for two years.
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From 2003 through 2019, Summers had been a central figure in Epstein’s relationship to Harvard. He had attended events hosted by Epstein and planned private meetings. Besides Epstein’s lawyer, and now-professor emeritus, Alan M. Dershowitz, he was by far the most prominent of the Harvard elite at the center of Harvard’s Epstein relationship.
Yet Summers is essentially invisible in the official accounts. A gift to support the work of Summers’s wife was mentioned in a footnote to the 2020 report, though obscurely, since she does not share Summers’s name. And never subsequently has Harvard disclosed anything more about his ongoing relationship with Epstein, which continued, as we’ve now learned through the published Epstein emails, until Epstein’s 2019 arrest.
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There’s little need to reform Larry Summers. He will, I suspect, pass quickly from Harvard’s orbit. But it is the culture that would have allowed Larry Summers to be protected that must now be called to account. How could Harvard have allowed this production of Hamlet without the Prince? And will it now commit to a practice that will not protect the elite among us, while shaming those not quite elite enough?
No,Mr. Lessig they will not commit to such a practice.
Harvard's entire brand is built on elite privilege.
People want to go to Harvard because it is the closest thing US higher education to being a "Made Man" by the Mafia, only the scope of criminal activity by Harvard alumni is vastly greater than organized crime syndicates could ever dream of.