Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 335

The Economist this week: Highlights from the latest issue

Posted by fidest press agency su martedì, 25 Maggio 2021

Our cover this week is about race in America a year after the murder of George Floyd. Mr Floyd’s death prompted the biggest civil-rights protests in American history. The policeman who killed him was, unusually, convicted of murder. And institutions in America and beyond looked at themselves in a different light. Something needed to change. But what exactly? Most racial disparities in America come about when three things collide: secular economic trends; the aftershocks of slavery and segregation; and present-day bigotry and racism. The first two are usually the biggest causes of bad outcomes for African-Americans, but the third—racism today—gets most of the attention. This is backwards. Racism remains a curse, though it is less widespread than 30 years ago, let alone in the civil-rights era. But, since it is lodged in bigoted minds, rooting it out is largely beyond the power of any government. Poverty and the structural legacy of racism in institutions are different. Take the Biden administration’s new child tax credit, which looks likely to reduce child poverty by 40%. Because African-Americans are disproportionately poor, this race-neutral policy should halve the number of poor black children. Our leader argues that this approach is not just popular and effective, it is also right. Zanny Minton Beddoes Editor-In-Chief The Economist

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