On May 17, US President Joe Biden declared: “We need to say as clearly and forcefully as we can that the ideology of white supremacy has no place in America. None. Look, failure to saying that is going to be complicit. The silence is complicity.”
Mr Biden was speaking in the aftermath of a terrorist attack in Buffalo, New York last week, in which a self-described white supremacist killed 10 people. Mr Biden further went on to condemn the so-called “great replacement theory”, which claims that white populations of western nations are going to become minorities in these places as people of colour become more numerous. But Mr Biden misspoke, because while white supremacy, and the great replacement theory, shouldn’t have places in American society, they do. Indeed, they underpin a lot of politics across many societies in the West – and if people are really going to tackle these problems, they ought to recognise the scale of them.
White supremacy has been part of western societies for many centuries – it is part and parcel of the original motivations around colonial enterprises, Nazism and other periods in western history that led to a great deal of suffering. In recent decades, white supremacy in the West has found an impressively effective vehicle: the concern around the “great replacement”. The theory, which has different permutations in different parts of the West, is summed up as such: the continued dominance of the “white race” in western states is being threatened by being “replaced” by people of colour, either due to the latter’s birth rates, or immigration, legal and otherwise. If that sounds familiar, it ought to – because this “theory”, which inspired not only the Buffalo terrorist attacker, but also the perpetrator of the New Zealand mosque massacre and many other hate crimes across North America and Europe, isn’t a rare trope. It’s not even particularly uncommon. Rather, it’s been mainstreamed in traditional political parties and media.
White supremacy has been part of western societies for many centuries
Perhaps the most famous pundit on the American right is Fox News’ Tucker Carlson, who regularly touts the theme – and the actual phrase – of the “great replacement” to his incredibly wide audience in conservative America and internationally. But it isn’t just mainstream media in America – it’s mainstream political figures as well; the Republican party boasts a range of figures, such as former House speaker Newt Gingrich, and congresspersons Elise Stefanik and Matt Gaetz, who have openly defended the use of replacement theory in their politics. As Amy Spitalnick, executive director of Integrity First for America, a non-profit group, said on the Buffalo killings: “This is the inevitable result of the normalization of white supremacist Replacement Theory in all its form… Tucker Carlson might lead that charge – but he’s backed by Republican elected officials and other leaders eager to amplify this deadly conspiracy.”
It goes beyond America. The phrase itself, indeed, originates in France, where a fascist writer, Renaud Camus, came up with it more than a decade ago. The theme, if not the phrase, of “replacement” motivated Serbian extremists during the Bosnian war, and continues to invigorate Balkan far-right and right-wing extremists. Canadian reactionaries like Mark Steyn encouraged a similar notion, speaking of Europe at the time. Hungary’s prime minister, Viktor Orban, is a contemporary great fan of the replacement theory, who has described Europe’s“suicidal” immigration policies. As a result, Mr Orban has many fans on the American right. Indeed, even after the massacre in Buffalo, he declared, in a speech following the beginning of his fourth successful prime ministerial election: “I see the great European population exchange as a suicidal attempt to replace the lack of European, Christian children with adults from other civilisations – migrants.”
It is an interesting fear, to be sure. Rather explicit is the white supremacist’s desire to remain a demographic majority – although “white” is defined in a rather exclusivist fashion, which would probably not include followers of other non-Christian religions that originate beyond Europe, even if they are white. Those would include converts and their descendants, recent or otherwise, such as the ancient Muslim populations of the Balkans. But it has an implicit claim as well – that minorities are not treated well, while these white supremacist figures are boldly proud of their abusive treatment of minorities.
It is a dangerous theory, not least because it is full of holes; the white populations of the West, however they are defined, are not, according to statistical data, at risk of becoming minorities in the West. But the growth of minority populations, particularly in the US, is a natural consequence of not only immigration, but interracial mixing. It has happened many times before in the great civilisations of the world; ethnic and national identities develop regularly over time. What is needed now is for political and social figures to not only admit that fluidity, but to embrace it. The alternative is to allow this bigotry to fester further. Europe has seen that danger before – it led to the Holocaust as well as countless colonial atrocities. We should not visit that period of our history ever again.
A new relationship with the old country
Treaty of Friendship between the United Kingdom of Great Britain and Northern Ireland and the United Arab Emirates
The United kingdom of Great Britain and Northern Ireland and the United Arab Emirates; Considering that the United Arab Emirates has assumed full responsibility as a sovereign and independent State; Determined that the long-standing and traditional relations of close friendship and cooperation between their peoples shall continue; Desiring to give expression to this intention in the form of a Treaty Friendship; Have agreed as follows:
ARTICLE 1 The relations between the United Kingdom of Great Britain and Northern Ireland and the United Arab Emirates shall be governed by a spirit of close friendship. In recognition of this, the Contracting Parties, conscious of their common interest in the peace and stability of the region, shall: (a) consult together on matters of mutual concern in time of need; (b) settle all their disputes by peaceful means in conformity with the provisions of the Charter of the United Nations.
ARTICLE 2 The Contracting Parties shall encourage education, scientific and cultural cooperation between the two States in accordance with arrangements to be agreed. Such arrangements shall cover among other things: (a) the promotion of mutual understanding of their respective cultures, civilisations and languages, the promotion of contacts among professional bodies, universities and cultural institutions; (c) the encouragement of technical, scientific and cultural exchanges.
ARTICLE 3 The Contracting Parties shall maintain the close relationship already existing between them in the field of trade and commerce. Representatives of the Contracting Parties shall meet from time to time to consider means by which such relations can be further developed and strengthened, including the possibility of concluding treaties or agreements on matters of mutual concern.
ARTICLE 4 This Treaty shall enter into force on today’s date and shall remain in force for a period of ten years. Unless twelve months before the expiry of the said period of ten years either Contracting Party shall have given notice to the other of its intention to terminate the Treaty, this Treaty shall remain in force thereafter until the expiry of twelve months from the date on which notice of such intention is given.
IN WITNESS WHEREOF the undersigned have signed this Treaty.
DONE in duplicate at Dubai the second day of December 1971AD, corresponding to the fifteenth day of Shawwal 1391H, in the English and Arabic languages, both texts being equally authoritative.
Signed
Geoffrey Arthur Sheikh Zayed
FIXTURES
New Zealand v France, second Test
Saturday, 12.35pm (UAE)
Auckland, New Zealand
South Africa v Wales
Sunday, 12.40am (UAE), San Juan, Argentina
Profile of Tamatem
Date started: March 2013
Founder: Hussam Hammo
Based: Amman, Jordan
Employees: 55
Funding: $6m
Funders: Wamda Capital, Modern Electronics (part of Al Falaisah Group) and North Base Media
Company%20profile
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
The%20specs%20
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Graduated from the American University of Sharjah
She is the eldest of three brothers and two sisters
Has helped solve 15 cases of electric shocks
Enjoys travelling, reading and horse riding
The specs: 2018 Harley-Davidson Fat Boy
Price, base / as tested Dh97,600
Engine 1,745cc Milwaukee-Eight v-twin engine
Transmission Six-speed gearbox
Power 78hp @ 5,250rpm
Torque 145Nm @ 3,000rpm
Fuel economy, combined 5.0L / 100km (estimate)
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SHAITTAN
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