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Protectionism Is Only Good If You Love Really Terrible Cars

Protectionism Is Only Good If You Love Really Terrible Cars

"Protectionist policies don’t just discourage innovation, they also prevent consumers from being able to buy the exact cars they want. It’s hard enough to convince automakers to bring over enthusiast-beloved hot hatches as it is, given the weaker demand for small cars here. Further restrictions on imports would make our chances of getting cars like Toyota’s rally-inspired 210-horsepower Yaris very grim. "

The Fire And The Fuel – The Economist

The Fire And The Fuel – The Economist

"If black America were a country, it would have a worse life expectancy than Mexico, a worse homicide rate than Ivory Coast and a higher proportion of its citizens behind bars than anywhere on earth. In terms of social mobility, it would be far harder to rise through the wealth ranks than in white America, however wealthy the starting point."

"The gap between what black and white families earn is large enough. The wealth gap is much larger: the median white family in 2013 had net assets of $142,000; the median black family had a paltry $11,000."