The Future of the Dollar
U.S. Financial Power Depends on Washington, Not Beijing
On October 2, police and protesters clashed during a traditional Oromo festival held beside a lake in Bishoftu, Ethiopia, just over 20 miles southeast of Addis Ababa. The stampede that ensued left about 100 drowned or crushed to death. Social media soon pulsed with claims that a government helicopter circling overhead had fired into panicking crowds. A helicopter had indeed been there, but it was dropping leaflets wishing all a “Happy Irreecha”—the name of the festival. Still, social media, and the informal news cycle into which it feeds, whirled on.
The Irreecha incident is but one of many in a year of turmoil in Ethiopia. Protests that began last November, when Oromo farmers objected to government land grabs to expand the capital and clear space for potential foreign investors, have mushroomed into a movement against the ruling Ethiopian People’s Revolutionary Democratic Front (EPRDF).
The Ethiopian diaspora in the United States, which