How America could end up like Venezuela
Book review: Political Tribes, by Amy ChuaPolitics based around tribal identity is not healthy for a country.
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
You are now subscribed
Your newsletter sign-up was successful
Want to add more newsletters?
Twice daily
MoneyWeek
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
Four times a week
Look After My Bills
Sign up to our free money-saving newsletter, filled with the latest news and expert advice to help you find the best tips and deals for managing your bills. Start saving today!
Donald Trump's divisive statements over immigration have led many to conclude that American race relations have worsened since the election. However, Professor Amy Chua of Yale University argues that America isn't the only country divided along ethnic lines. Best known for her controversial parenting memoir Battle Hymn of the Tiger Mother, Chua thinks most experts have underestimated the importance of racial divisions in politics. Chua warns that unless something radical happens, America could end up going the same way as, say, Venezuela, with voters dividing along tribal lines to the detriment of the quality of leaders taking office.
This is a book that grabs your attention from the start. Yet Chua tends to overstate her case as, for example, when she argues that the Vietnam War was a conflict between ordinary Vietnamese and ethnic Chinese, rather than between communism and capitalism. She also overlooks the fact that, bad as American race relations are, they have improved drastically in recent decades. It's worth remembering, too, that many of Trump's supporters previously voted for Barack Obama. Nonetheless, Chua has a strong point when she argues that a politics based around tribal identity is not healthyfor a country.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.

-
Should you buy an active ETF?ETFs are often mischaracterised as passive products, but they can be a convenient way to add active management to your portfolio
-
Power up your pension before 5 April – easy ways to save before the tax year endWith the end of the tax year looming, pension savers currently have a window to review and maximise what’s going into their retirement funds – we look at how