Recent Posts

US Commerce Secretary offshores his ethics

When it comes to ethics, appearances matter — as Wilbur Ross is learning the hard way. ‘Appearance,’ Plato observed, ‘tyrannizes over truth.’ President Donald Trump’s administration should keep that in mind when attending to its latest conflict-of-interest scandal. According to news reports based on leaks from a Bermuda law firm, Commerce Secretary Wilbur Ross did not disclose business ties with ...

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Cash ban: When India’s money helicopter flew the wrong way

In the annals of economic experimentation, India’s cash ban will stand out. Not because it was ill-advised, poorly executed or unsuccessful in achieving its original aims. Prime Minister Narendra Modi’s move to outlaw 86% of his country’s currency a year ago today was all those things. What made it remarkable, though, was the way it flew against the zeitgeist. While ...

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Africa’s plastic-bag bans won’t solve anything

In Africa, the plastic shopping bag is an endangered species. Last week, tiny Benin became the latest African country to restrict the import, production and even use of such bags. It’s not messing around, either. Following in the steps of Rwanda (where plastic bag importers are publicly shamed) and Kenya (where bags users can be subject to four years in ...

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