THIS WEEK’S MUST READ NEWS FROM CAPX | NEW DIRECTION
4 April 2016
New Direction | The Foundation for European Reform is an international partner of CapX, a new digital service which commissions and aggregates the best news on popular capitalism from around the world.
Britain led the world in abolishing the slave trade, and by outlawing racial and sexual discrimination. But four hundred years after the Sumptuary Laws were introduced, the country's class-based divisions still persist. The one real solution we have found to date lies in open markets and private ownership. Through lowering the costs of clothes and food, Capitalism can smash down class hierarchies.
America’s opening to Cuba has filled many observers with considerable ambivalence. The Castro brothers are liars and criminals who have never apologised for their crimes. But the policy of isolating the island has failed. Cuba is not poor because of the US trade embargo, but because it produces nothing that the rest of the world needs. The embargo gave the Castros an excuse for their island's poverty, and it was time to try something different.
Mexico’s rising poverty stands in stark contrast to much of Latin America, the study found. Ricardo Fuentes, executive director of OXFAM Mexico, said that crony capitalism, efforts at reform hobbled by a lack of the rule of law, and anemic economic growth are at the root of the problem.
Talk has already turned to whether Palmyra can – and should – be rebuilt. But what may never be rebuilt is the tradition the city incarnated – the idea that while Syria was a Muslim country, it was one that saw the value in other heritages and cultures, that the present can be enriched by the past, that there is beauty in ancient and modern, Christian and pagan.
The Donald Trump phenomenon is that what is Sunday’s conventional wisdom looks like egg-on-face dumb stupidity by Friday. Trump, who presents himself as an outsider, railing against the “unfairness” of a brokered convention, is geared up to win one. Yet among the despairing GOP elites, the Myth of the Brokered Convention remains a powerful one, sustaining hope of a last-minute reprieve from their worst nightmare.
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