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What It Is, and Why It Is Dangerous the Firing of James Comey

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What It Is, and Why It Is Dangerous the Firing of James Comey The firing of James Comey MAY 13TH–19TH 2017 dangerous and why it is What it is, Trumponomics s. gistered trademark of salesforce.com, inc., as are other names and mark © 2017 salesforce.com,© 2017 inc. All rights reserved. Salesforce.com is a re Running a business with millions of customers can be like manning air traffic control. How do you keep everyone on the right flight path? Intuit does it with Salesforce. The Customer Success Platform, powered by Einstein artificial intelligence, gives employees the insights they need to work smarter. And apps connect customers to real-time help, right when they need it. What if you had a way to track every one of your customers, no matter where they were headed? Visit salesforce.com/blazeyourtrail. Contents The Economist May 13th 2017 3 6 The world this week Asia 33 South Korean politics Leaders From dissident to president 9 The Trump presidency Courting trouble 34 The war in Afghanistan About-face 10 Sacking James Comey You’re fired! 35 Chinese Indonesians Sent down 10 India’s economy State of disrepair 35 House prices in Australia Shuttered dreams 12 Surrogacy The gift of life 36 Commemorating Shivaji The sacking of James Comey The highest praise Links between the Trump 14 France’s president campaign and Russia should Macron’s mission 37 Banyan Resisting the Philippines’ be investigated by an On the cover war on drugs independent commission: The impulsiveness and Letters leader, page10. Donald shallowness of America’s Trump’s move against the FBI 16 On bonds, birds, sea president threatens the China director was either incompetent levels, central banks, economy as well as the rule of or malign, page 23. Even quantum computing, 38 Health care law: leader, page 9. The Republican senators look at Mr split infinitives Wanted: family doctors administration’s economic Trump and despair: Lexington, 39 Migrants’ woes page 27 strategy is good in parts, but A literary sensation unimaginative and Briefing incoherent, page18. Donald 18 Trumponomics Trump promises expensive Home-cooked policies Middle East and Africa tax cuts, an investment 40 Iran boom and a smaller trade 20 In his own words What he wants Rouhani under fire deficit. He can’t have all 41 Egypt’s economy three, page 20. Excerpts from 20 The Trump trilemma Opening for business our interview, page 20 You can’t always get what you want 42 Israeli politics 22 Reassessing global trade The generals make way The Economist online Make his day 42 Egypt’s zoos No place for animals Daily analysis and opinion to supplement the print edition, plus United States 43 Namibia and Germany Salt in old wounds Macron’s mission France’s audio and video, and a daily chart 23 Trump and the FBI new president promises Economist.com The hand that made him reform from the centre. The E-mail: newsletters and 24 Special prosecutors Europe challenge is immense, but he mobile edition Starry night 44 President Macron deserves to succeed: leader, Economist.com/email 24 Opioids Marchons, marchons! page14. The improbable, Print edition: available online by A selective scourge 46 Polling errors inescapable quest to reform 7pm London time each Thursday Undercounting centrists France, page 44. Why did polls Economist.com/print 27 Lexington sell Macron short? Page 46. Palace whispers 47 Muckraking in Malta Can he revive the Franco- Audio edition: available online Shady island to download each Friday German engine? Charlemagne, Economist.com/audioedition The Americas 47 English in the EU page 49 Lingua franca 29 Gangs in Mexico Crime’s new geography 48 The new Europhiles Who loves EU, baby 30 Bello Venezuela is not an island 49 Charlemagne Germany and Macron-mania Volume 423 Number 9040 32 Cuba Cash for clunkers Published since September1843 32 Argentina Britain to take part in "a severe contest between intelligence, which presses forward, and Judging the dirty war 50 Scotland an unworthy, timid ignorance obstructing Uniting the clans our progress." 51 Welsh politics Editorial offices in London and also: Atlanta, Beijing, Berlin, Brussels, Cairo, Chicago, Independents’ day Lima, Mexico City, Moscow, Mumbai, Nairobi, 52 Bagehot New Delhi, New York, Paris, San Francisco, Why Marx still matters The São Paulo, Seoul, Shanghai, Singapore, Tokyo, Why Marx still matters Labour leadership is right— Washington DC Karl Marx has a lot to teach Britain: Bagehot, page 52 1 Contents continues overleaf 4 Contents The Economist May 13th 2017 International Science and technology 53 Surrogacy 70 Artificial intelligence Help wanted Shall we play a game? 72 New materials Business The lotus position 55 Middle Eastern airlines 72 Violins Missed connection Debranding 56 EB-5 visas Citizen Kushner Books and arts 58 Sinclair Broadcast 74 Fabled places The collapse of retailing The AI and video games Why A signal event The dream beyond the decline of established ways of researchers into artificial desert shopping is a threat to workers 58 Business advice intelligence are so keen on and investors, pages 61-63 A general’s wisdom 75 The maths of life video games, page 70 59 A tale of two tech hubs Mr Big Silicon Valley North 75 Memoirs 60 Schumpeter Neurosurgeon, reveal Subscription service thyself For our latest subscription offers, visit Warding off activists Economist.com/offers 76 Johnson For subscription service, please contact by Hit and misspeak telephone, fax, web or mail at the details Briefing provided below: 77 Britain’s Olympic 61 American retailing North America athletes The Economist Subscription Center Sorry, we’re closed What price victory? P.O. Box 46978, St. Louis, MO 63146-6978 Telephone: +1 800 456 6086 77 Art and artists in Africa Facsimile: +1 866 856 8075 Finance and economics The next big thing E-mail: [email protected] Latin America & Mexico 65 India’s economy The Economist Subscription Center India’s finances Unless it Spendthrift states P.O. Box 46979, St. Louis, MO 63146-6979 80 Economic and financial Telephone: +1 636 449 5702 reins in spendthrift states, 66 Buttonwood indicators Facsimile: +1 636 449 5703 India will eventually suffer a Fund managers under Statistics on 42 economies, E-mail: [email protected] fiscal crisis: leader, page10. pressure plus a closer look at Subscription for 1 year (51 issues) States are on a borrowing 67 Clearing-houses commodity prices United States US $158.25 (plus tax) Canada CA $158.25 (plus tax) spree of the kind that rarely The Brexit effect ends well, page 65 Latin America US $289 (plus tax) 67 Africa’s economy Obituary Dispensing with 82 Ueli Steck informalities Principal commercial offices: Highest, fastest 25 St James’s Street, London sw1a 1hg 68 China’s economy Tel: +44 20 7830 7000 In the name of GDP Rue de l’Athénée 32 68 Crowd-sourcing 1206 Geneva, Switzerland The wisdom of the herd Tel: +4122 566 2470 750 3rd Avenue, 5th Floor, New York, NY 10017 69 Free exchange Tel: +1212 5410500 William Baumol 1301Cityplaza Four, 12 Taikoo Wan Road, Taikoo Shing, Hong Kong Tel: +852 2585 3888 Other commercial offices: Chicago, Dubai, Frankfurt, Los Angeles, Surrogacy Carrying a child for Paris, San Francisco and Singapore someone else should be celebrated—and paid for: leader, page 12. Even as demand for surrogacy soars, more countries are trying to ban it, page 53 PEFC certified This copy of The Economist is printed on paper sourced from sustainably managed forests certified to PEFC PEFC/29-31-58 www.pefc.org © 2017 The Economist Newspaper Limited. All rights reserved. Neither this publication nor any part of it may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of The Economist Newspaper Limited. The Economist (ISSN 0013-0613) is published every week, except for a year-end double issue, by The Economist Newspaper Limited, 750 3rd Avenue, 5th Floor, New York, N Y 10017. The Economist is a registered trademark of The Economist Newspaper Limited. Periodicals postage paid at New York, NY and additional mailing offices. Postmaster: Send address changes to The Economist, P.O. Box 46978, St. Louis , MO. 63146-6978, USA. Canada Post publications mail (Canadian distribution) sales agreement no. 40012331. Return undeliverable Canadian addresses to The Economist, PO Box 7258 STN A, Toronto, ON M5W 1X9. GST R123236267. Printed by Quad/Graphics, Saratoga Springs, NY 12866 THE KEYS TO A NEW HOME OPEN A NEW ERA. Twenty years after the end of apartheid, the path to wealth through property ownership is still closed to many South Africans. International Housing Solutions, a global private equity firm, is determined to change that. Their idea: a fund to build safe, affordable housing for rising middle class families. Citi’s early support and expertise has helped the fund grow to finance 27,000 housing units across South Africa. Its success is being used as a model throughout the continent. For over 200 years, Citi’s job has been to believe in people and help make their ideas a reality. citi.com/progressmakers © 2017 Citibank, N.A. Member FDIC. Equal Opportunity Lender. Citi, Citi with Arc Design and The World’s Citi are registered service marks of Citigroup Inc. 6 The world this week The Economist May 13th 2017 offshoot ofthe Turkish Kurdish invoke the Koran to argue that home at the expense ofthe Politics party, the PKK, which both it Muslims should never vote for opposition Labour Party and and America regard as a terro- a Christian like him. In Aceh, a Liberal Democrats. Now that it rist organisation. semi-autonomous region, a has achieved its aim ofBrexit sharia court sentenced two gay the UK Independence Party A Russian plan for four men to 100 lashes.
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