He has been king since September; now it is time for the pomp. We examine the modern monarchy—and the ancient frippery of coronations. Despite prior reluctance to do much about climate change, America is set to become a clean-energy superpower. And reflecting on the life of Carolyn Bryant, whose testimony led to a lynching that set off America’s civil-rights movement.
For full access to print, digital and audio editions of The Economist, try a free 30-day digital subscription by going to www.economist.com/intelligenceoffer
The coronation of King Charles the III is tomorrow in London — but you didn’t realize the royal family is Royalty Incorporated (worth $21B). Airbnb’s always let you book private rooms (not just entire homes), but it’s doubling down on affordable options because that’s core to its identity. And Band-Aid Brands is part of the biggest IPO of 2023: Kenvue — It’s worth $40B, because branding is a powerful drug.
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Every year Mexico and Mexican culture are celebrated during the holiday of Cinco de Mayo, which in Spanish just means May 5th.
However, many people, especially those outside of Mexico, have no idea what exactly is being celebrated on May 5, and many of those who think they know have the wrong idea.
The location of most of the Cinco de Mayo celebrations is also surprising to most people as well.
Learn more about Cinco de Mayo and the real reason for the celebration on this episode of Everything Everywhere Daily.
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Best-selling American author Curtis Sittenfeld discusses her acclaimed debut novel, Prep. Set in an exclusive boarding school in north-eastern America, Prep is an insightful, caustic and funny coming-of-age story and a savage dissection of class, race, and gender.
Clever, aspirational Lee Fiora is fourteen years old when her father drops her at the prestigious Ault School in Massachusetts that she has won a scholarship to. Both intimidated and fascinated by her classmates, she becomes a shrewd observer of, and ultimately a participant in, their snobby culture and rituals.
She forms intense friendships with other girls; complicated relationships with teachers and an all-consuming infatuation with a boy from the cool crowd, all of which leads to conflicts with her parents back home in the mid-West, from whom Lee feels increasingly distant.
Other novels about boarding schools mentioned in this programme include Make your Home among Strangers by Jennine Capó Crucet, Admissions: A Memoir of Surviving Boarding School by Kendra James and Black Ice by Lorene Cary.
Today, Liz and Andrew discuss the latest ethical lapse from Clarence Thomas, as well as the horrible activism of the next Republican Supreme Court nominee, Stu Duncan.
In the Patreon bonus, Liz and Andrew break down the latest sanctions issued against Donald Trump in New York.
Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity (PublicAffairs, 2023) is a groundbreaking work by bestselling authors Daron Acemoglu and Simon Johnson, in which they challenge conventional wisdom about the role of technology in driving prosperity. The authors argue that technology is not a neutral force working in the public interest but is shaped by the interests and beliefs of the powerful. Those who control technology are the ones who benefit from it, leaving the rest of society with the illusion of progress.
The authors provide a historical account of how technological choices have shaped the course of history, from the appropriation of the economic surplus of the Middle Ages by an ecclesiastical elite to the making of vast fortunes from digital technologies today, while millions of people are pushed towards poverty. The authors emphasize that technological progress can either serve the narrow interests of an elite or become the foundation for widespread prosperity.
The book presents a manifesto for building a better society by using the tremendous digital advances of the last half century to create useful and empowering tools, rather than marginalizing most people through automated work and political passivity. The authors argue that to achieve the true potential of innovation, we need to ensure that technology is creating new jobs and opportunities for everyone. The book offers a vision to reimagine and reshape the path of technology, ensuring that it leads to true shared prosperity.
Power and Progress offers a fresh perspective on how technology shapes our lives and highlights the need for a more democratic approach to technological progress. The book provides a compelling argument that the path of technology is not predetermined but can be brought under control to ensure that it benefits everyone, not just a few powerful individuals or corporations. The authors provide an insightful analysis of the power dynamics that underlie technological progress, and their manifesto for a better society is a call to action for policymakers, business leaders, and individuals alike.
Javier Mejia is an economist at Stanford University who specializes in the intersection of social networks and economic history. His research interests also include entrepreneurship and political economy, with a particular focus on Latin America and the Middle East. He holds a Ph.D. in Economics from Los Andes University. Mejia has previously been a Postdoctoral Associate and Lecturer at New York University-Abu Dhabi and a Visiting Scholar at the University of Bordeaux. He is also a frequent contributor to various news outlets, currently serving as an op-ed columnist for Forbes Magazine.
We're telling you about Russia's new accusation against the U.S. and how America is responding so far.
Also, what to know about a controversial killing on a New York City subway. Politicians, protesters, and police don't all agree on whether it was justified.
Plus, How the White House is getting involved with the future of AI, who is expected to attend the king's coronation this weekend, and the history of Cinco de Mayo as people celebrate today.
