Oligarchy: No more university passports for China’s elite, the rubber glove billionaire, and the UK’s disappearing aid agency
Hello, and welcome to Oligarchy. We are tracking how Covid-19 and the world’s response to it is affecting the super-rich — and what that means for power and politics.
CRACK OPEN THE BUBBLY
It’s good news for the world’s kleptocrats with word that the UK has chosen to abolish its Department for International Development (DFID) and merge it with the Foreign Office (FCO). DFID was the only department in the British government that appeared to appreciate that propping up corrupt regimes may help in the short term, but makes the world far worse if you raise your eyes past the next six months.
Why should you care?