Pacific Standard May-June 2013 Cover

A Masterful Look at Anti-Apartheid

West Memphis 3

Shortly after my mother died in 1983, I sat down with her financial adviser to go over her estate and to decide what to do with the money she had left me. I discovered mom had investments in South Africa, then a pariah state for its racist policy of apartheid. When I told the adviser that I did not want to invest in that country, her response was, “What’s wrong with South Africa?” My answer was to find another investment adviser and divest immediately — which made me one of the millions of people influenced by the international anti-apartheid movement, an effort that is exhaustively ... Read More

Is Hosting a World Cup Like Sporting a Chanel Bag?

A month after the 2010 FIFA World Cup in South Africa, it is reasonable to ask whether hosting the games was a success. Given the amount of money the South African government had to spend before and after winning the World Cup bid, there should be an economic benefit to match. Unfortunately, the only economic benefit from the World Cup has been captured by FIFA. There are doubts that the games boosted the local economy by very much, nor will have a significant impact on that country's growth. Why would it? Human and physical capital that could have been allocated toward production were ... Read More