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Chaguan: a New Column on China Africa's Looming Debt Crisis How to Fix America's Supreme Court the World's Most Expensive

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Chaguan: a New Column on China Africa's Looming Debt Crisis How to Fix America's Supreme Court the World's Most Expensive https://t.me/finera Chaguan: a new column on China Africa’s looming debt crisis How to fix America’s Supreme Court The world’s most expensive pet fish SEPTEMBER 15TH–21ST 2018 Financial Era Advisory Group https://t.me/finera Financial Era Advisory Group https://t.me/finera Contents The Economist September 15th 2018 5 7 The world this week United States 37 Public policy Leaders Wunderbar 11 The Economist at 175 38 New York A manifesto Sleaze and the city 14 Britain and the EU 39 Cyber-attacks Selling Chequers Suing spies 14 The Supreme Court 39 Muslim politicians Weak is strong Bushies to Bernie 16 Emerging markets 40 Flying pets America’s Supreme Court Lessons from Lusaka It’s emotional Deepening partisanship is bad 18 Alibaba 41 Lexington Gary Johnson for liberty for the court and bad for Ma where he came from? America. Term limits would On the cover Letters help: leader, page 14. Over Success has turned liberals The Americas recent decades it has become 21 On air-conditioning, into a complacent elite. It is increasingly political, page 22 Scotland, rebalancing, 42 Impunity in Guatemala time to rekindle the spirit of nudity The fears of a clown radicalism: leader, page 11. 43 Colombian guerrillas Reinventing liberalism for Whack-a-mole the 21st century: an essay, Briefing page 45 44 Bello 22 America’s Supreme Court Coup-plotting in Venezuela And Brett makes five The Economist online Essay Britain Daily analysis and opinion to 45 Liberalism supplement the print edition, plus 25 The Brexit negotiations The Economist at 175 audio and video, and a daily chart Chequers, the unlikely survivor 47 21st-century Corn Laws Economist.com Free markets and more E-mail: newsletters and 26 Boris Johnson The clown prince 49 Immigration Brexit The Chequers plan is in mobile edition Open societies big trouble at home. More Economist.com/email 27 Labour’s economics flexibility from the EU would Take back control 51 Welfare and taxes Print edition: available online by The new social contract help improve it: leader, page 14. 7pm London time each Thursday 27 Electoral reform Despite being under attack Economist.com/printedition Cut on the bias 52 The world order from all sides, Theresa May’s Something to fight for Audio edition: available online 28 The Open University plan refuses to die, page 25. to download each Friday Degrees of trouble 54 A call to arms Boris Johnson’s bid for the Use liberalism or lose it Economist.com/audioedition 28 Prostitution leadership of the Conservative Sex, drugs and Party is gathering momentum, non-enforcement Middle East and Africa page 26 29 Dementia care 55 Zambia’s debt Colour me happy End of the road V olume 428 Number 9109 30 Bagehot 56 Farming in Congo A hunger for ideas War and cheese Published since September1843 57 A new battle for Iraq to take part in "a severe contest between intelligence, which presses forward, and Europe Infighting after the vote an unworthy, timid ignorance obstructing 57 America and the PLO our progress." 31 Sweden’s population Back to the future Editorial offices in London and also: Still standing Amsterdam, Beijing, Berlin, Brussels, Cairo, 32 Asylum-seekers 58 Gun control in Yemen Chicago, Johannesburg, Madrid, Mexico City, Heat check Moscow, Mumbai, New Delhi, New York, Paris, Under the gaydar San Francisco, São Paulo, Seoul, Shanghai, Singapore, Tokyo, Washington DC 33 Hungary Orban sceptics Zambia A looming debt crisis should serve as a warning 33 Cricket in Corfu At the crease in Greece for the rest of Africa: leader, page 16. An increasingly 34 Russia and China authoritarian regime is Brother enemy pushing Zambia towards 35 Charlemagne financial ruin, page 55 For those in peril on the sea 1 Contents continues overleaf Financial Era Advisory Group 6 Contents The Economist September 15th 2018 Asia 80 Infrastructure in Colombia 59 An inter-Korean summit The highway, my way Showtime in Pyongyang 80 Impact ETFs 60 Australia’s aboriginals Opposites attract A new way to curb crime 81 Buttonwood 61 Banyan Market millenarians Team Trump’s Asia policy 82 Ant and Tencent 62 Politics in Pakistan And now for something Liberal apostasy completely different 62 The ornamental-fish trade 83 Free exchange Chaguan Our new China Ornamental fish Why Asia is Economies of scale Upsetting the Apple cart column takes its name from a obsessed with arowanas, 63 Arrests of Indian activists meeting-place of ideas: An ill wind in politics page 62 Chaguan, page 66 Science and technology 84 Recycling China On the plastic highway Subscription service 64 Separatism in Hong Kong For our full range of subscription offers, 85 Marine litter including digital only or print and digital Bracing for a ban Sweeping the ocean combined visit 65 Overcrowded schools Economist.com/offers 86 Scientific publishing You can also subscribe by mail or telephone at Class struggle The S-Plan diet the details provided below: 66 Chaguan 86 Wildlife conservation Telephone: +44 (0) 845 120 0983 The importance of Tending the flock Web: Economist.com/offers teahouses Post: The Economist Subscription Centre, Books and arts P.O. Box 471, International Haywards Heath, 87 Bob Woodward RH16 3GY 67 Climate change UK America’s economy America The Trump chronicles Local government v is pushing the labour market 88 American fiction Subscription for 1 year (51 issues) global warming Print only UK – £145 to its limits, page 77. The The other side of paradise Democratic Party’s left flank 89 Adventures in has some ideas for fixing the Business 18th-century finance Principal commercial offices: country, page 37. Tariffs may 69 Chinese bosses Wind and smoke The Adelphi Building, 1-11John Adam Street, well bring some high-tech Command and control London WC2N 6HT manufacturing back to 89 Reimagining Homer Tel: +44 (0) 20 7830 7000 America. But ordinary people 70 Bartleby Achilles and the heels Rue de l’Athénée 32 won’t gain much: Free Artificial stimulant 90 The price of mega-wealth 1206 Geneva, Switzerland exchange, page 83 71 Volvo’s IPO Another country Tel: +4122 566 2470 Safe at any Swede 750 3rd Avenue, 5th Floor, New York, NY 10017 Tel: +1212 5410500 71 CBS’s Les Moonves 92 Economic and financial 1301Cityplaza Four, Final episode indicators 12 Taikoo Wan Road, Taikoo Shing, Hong Kong 72 Vaping in America Statistics on 42 economies, Tel: +852 2585 3888 Smoked out plus a closer look at Other commercial offices: 72 America’s housing market education spending Chicago, Dubai, Frankfurt, Los Angeles, Paris, San Francisco and Singapore Fixer-uppers 73 Copyright rules Obituary Screen grab 94 Luca Cavalli-Sforza 74 Schumpeter The drift of humankind An empire of the mind After Jack Ma No entrepreneur has defined China’s Finance and economics transformation as he has. His 77 The Federal Reserve success will be hard to repeat: Feeling the heat leader, page 18. His gradual 78 Turkish banks exit from Alibaba contrasts Offside with other bosses’ 79 Venezuela PEFC certified overweening clout, page 69. This copy of The Economist The half-life of a currency is printed on paper sourced As regulators circle, China’s from sustainably managed fintech giants put the forests certified by PEFC PEFC/16-33-582 www.pefc.org emphasis on tech, page 82 Registered as a newspaper. © 2018 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. Published every week, except for a year-end double issue, by The Economist Newspaper Limited. The Economist is a registered trademark of The Economist Newspaper Limited. Printed by Wyndeham Peterborough Limited. https://t.me/finera The world this week The Economist September 15th 2018 7 The hospitalised candidate ment led by Mahathir Moha- coast. On the other side of the Politics Doctors said that Jair Bolso- mad against the flood ofChi- world, Hong Kong battened naro, the far-right candidate in nese money swashing around down the hatches ahead of Brazil’s presidential election, infrastructure projects. In a SuperTyphoon Mangkhut, will be kept in care forweeks visit to Beijing recently, Dr forecast to be one ofthe stron- after he was stabbed in the Mahathir warned about a new gest storms to hit the territory. stomach at a campaign event. “colonialism” and complained Mr Bolsonaro is leading the ofunfaircontracts drawn up to A country in chaos polls forthe first round of next service China’s Belt and Road Five days after reopening the month’s election among those Initiative. only functioning airport in who are allowed to run. Luiz Libya’s capital, Tripoli, the Inácio Lula da Silva, a former A suicide-bombing in eastern authorities closed it again president, has been jailed for Afghanistan killed at least 68 because ofrocket fire. Clashes corruption and is banned from people. The bomber had tar- between rival militias contin- standing. He ended his legal geted a group ofprotesters. ued in the south ofthe city and In Sweden’s general election, challenge to that ban this week Hours earlier a series ofbombs Islamic State fighters stormed the anti-immigrant Sweden and pulled out ofthe race. hit schools in the city ofJalala- the state oil company’s offices. Democrats did less well than bad. One child was killed. many had feared, ending up in Protesters swept through much third place with 17.5% ofthe Japan’s ruling Liberal Demo- ofBasra, Iraq’s second city, vote. But forming a new cratic Party began a leadership torching government build- government could now be contest which will culminate ings, party offices and the difficult, as the centre-right and in a vote on September 20th.
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