Welcome to the world’s fastest growing continent

More wealth. More democracy. More Peace. Say hello to a new Africa.

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This Special Report for The Economist by Oliver August throws Africa into a whole new light. Prepare to have some of those pre-conceptions you might be holding thoroughly dashed. Optimism is in the ascendant, life expectancy is rising, and freedom is spreading. Up with this kind of thing!

Stiglitz steals pessimism from the jaws of optimism

Nice piece here from the McLean Parlour on the subject of equality and social mobility in the states.

From their blog:

Joseph Stiglitz recently argued that measurable social mobility in America is incongruent with the often ascribed “land of opportunity” label. According to Stiglitz, “only 58 percent of Americans born into the bottom fifth of income earners move out of that category, and just 6 percent born into the bottom fifth move into the top.

“Only” 58%? As in, more than half? “Just” 6% make it from being dirt poor (bottom fifth) all the way up to being incredibly rich (top fifth)? Can someone tell me in what way this is bad news exactly?

Read the rest of blog at Equality in America and the Myth of Social Immobility.