The New York Times recently interviewed economist Herman Daly, who insists that economic growth is economically destructive. There is much more to the story.
Elites are attacking the government of Mauritius for having lower tax rates than other African countries. The real issue is the levels of taxation in other African countries.
While most people tend to see the Ukraine-Russia war as a current phenomenon, it is the continuation of what happened in Europe more than a century ago.
Like all other places, Africa has a more nuanced history than what people previously have believed. The continent was not devoid of technology before the advent of colonialism, as there were pockets of inventiveness and small-scale manufacturing.
Western elites are using Africa as their little laboratory for renewable energy schemes. Not surprisingly, these intitatives leave Africans in poverty and their economies in tatters.
Now that inflation is the highest it has been in four decades, the monetary authorities are trying one trick after another. Only ending artificially low interest rates will help.
