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Oxford University’s Oriel College has decided not to tear down its statue of the British colonialist Cecil Rhodes, because of the “overwhelming message” it received that the statue should stay. The true motive appears to have been money.

The college reportedly cut short its promised six-month “listening exercise,” after it became clear that even to continue a debate on the subject could cost as much as £100 million in donations from alumni. That would catch the attention of any educational institution.

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