The Economist June 18Th 2016 5
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Contents The Economist June 18th 2016 5 8 The world this week Asia 37 Arrests in Bangladesh Leaders Jihadists (and others) in jail 13 Britain’s EU referendum 38 Indian elections Divided we fall The wrong ink 14 The Orlando attack 40 Papua New Guinea Aftermath of a tragedy Shooting students 16 India’s central bank 40 A scandal in Tokyo A second helping of Raghu Another one bites the dust 16 South Africa 41 Australia’s election After Orlando The right Cracking the monolith Time of Nick lessons to learn from a deadly 17 Female genital cutting 42 Banyan EU and whose army? massacre: leader, page14. An agonising choice Reactions show the stark On the cover choice facing voters in A vote to leave the European Letters China November, page 27. Union would diminish both Radicalisation is too complex 18 On Brexit, populism, 43 Traffic jams in Beijing Britain and Europe: leader, for simplistic Trumpian Donald Trump, language The great crawl page13. If Brexit, what solutions: Lexington, page 32. 44 Reality television next? Page 22. It has been a Evidence is growing that gun Making officials squirm bad-tempered and Briefing violence in America is a unenlightening campaign, 22 Brexit product of lax gun laws: Free page 24. The coarsening of What if? Essay exchange, page 78 British politics: Bagehot, 23 In their words (I) 45 Europe page 62. Brexit and the Between the borders European dream: Heard from overseas Charlemagne, page 59 24 The referendum campaign The Battle of Evermore Middle East and Africa 25 In their words (II) 51 South Africa The Economist online Heard on the trail In need of an opposition Daily analysis and opinion to 52 A virtual turf war supplement the print edition, plus United States The scramble for .africa audio and video, and a daily chart 53 Nigeria floats its currency Economist.com 27 The Orlando attack Vigils and vigilantes Free at last newsletters and E-mail: 28 Watergate II 53 The Muslim Brotherhood mobile edition Sibling rivalry South Africa Voters should Economist.com/email The Donald’s dirty linen 29 Computing boot-camps 54 Arabic publishing stop giving the African Print edition: available online by Risks and rewards Plus de kutub, please National Congress a blank 7pm London time each Thursday cheque: leader, page16. The Economist.com/print 29 The manosphere ANC is failing its people. Is Audio edition: available online Balls to all that Europe there an alternative? Page 51 to download each Friday 30 College towns 55 Drugs Economist.com/audioedition A roaring trade Not mind-stretching 31 Scandinavian-Americans 56 Nadia Savchenko Founding Vikings The maid of Kiev 32 Lexington 57 Orthodox Christians How others cope with Autumn of the patriarchs radicalisation 57 Fighting smuggling Volume 419Number 8994 Mastermind or mistake? Published since September1843 The Americas 58 The Balkans’ EU dreams to take part in "a severe contest between Applications deferred intelligence, which presses forward, and 34 Criminal justice in Mexico an unworthy, timid ignorance obstructing Trials and errors 59 Charlemagne our progress." 35 Bello European Utopianism Editorial offices in London and also: Reality TV in China Atlanta, Beijing, Berlin, Brussels, Cairo, Chicago, The Venezuela test Lima, Mexico City, Moscow, Mumbai, Nairobi, Officials meet “The Apprentice”, New Delhi, New York, Paris, San Francisco, 36 Gay rights in the page 44 São Paulo, Seoul, Shanghai, Singapore, Tokyo, Caribbean Washington DC Not everyone’s paradise 36 Poverty in Latin America Don’t look down 1 Contents continues overleaf 6 Contents The Economist June 18th 2016 Britain 76 International data flows Priceless 60 Retailers in trouble High noon on the high 77 Emerging-market indices street Stocks and stones 61 Trump in Scotland 78 Free exchange Waiting for Donald The roots of gun violence 61 The demise of BHS Green sees red Science and technology 62 Bagehot 79 Video games The Nigel Farage Show Engines of creation Microsoft buys LinkedIn 80 Microbes and autism Of mice and microbes A boost It is one of the most expensive for the theory that bacteria International Gut feelings tech deals in history but it may are involved in some cases of 63 Female genital cutting 81 Scientific sloppiness not be one of the smartest, Come again? autism, page 80 page 65 The unkindest cut 64 Male circumcision 81 Presenting results Snip snap Graphic details Subscription service 82 Cleaning the environment For our latest subscription offers, visit It’s the pits Economist.com/offers Business For subscription service, please contact by telephone, fax, web or mail at the details 65 Technology deals provided below: Books and arts LinkedUp North America The Economist Subscription Center 66 The internet 83 The Venetian ghetto Hidden secrets P.O. Box 46978, St. Louis, MO 63146-6978 Reweaving the web Telephone: +1 800 456 6086 84 The Arab unravelling Facsimile: +1 866 856 8075 67 Shanghai Disneyland E-mail: [email protected] Tales of spring and winter Lord of the jungle Latin America & Mexico The Economist Subscription Center 68 The Panama Canal 84 The boundaries of science Circle in a circle P.O. Box 46979, St. Louis, MO 63146-6979 Wider impact Telephone: +1 636 449 5702 Oil at $50 Is that enough to 87 Cambodia Facsimile: +1 636 449 5703 69 Nuclear power E-mail: [email protected] revive global production? Buried treasure Page 73 Keeping on the lights Subscription for 1 year (51 issues) 87 American fiction 69 Broadway economics United States US $158.25 (plus tax) Hamilton’s success Axemen Canada CA $158.25 (plus tax) Latin America US $289 (plus tax) 71 Schumpeter 88 Johnson The imperial CFO Double-plus effective Principal commercial offices: 25 St James’s Street, London sw1a 1hg Finance and economics 92 Economic and financial indicators Tel: +44 20 7830 7000 73 Oil supply Statistics on 42 economies, Rue de l’Athénée 32 Rigonomics 1206 Geneva, Switzerland plus a closer look at world Tel: +4122 566 2470 74 Buttonwood GDP 750 3rd Avenue, 5th Floor, New York, NY10017 Sinking bond yields Tel: +1212 5410500 75 India’s central bank Obituary 1301Cityplaza Four, A governor with a view 12 Taikoo Wan Road, Taikoo Shing, Hong Kong Female genital mutilation 94 Manohar Aich Tel: +852 2585 3888 After 30 years of attempts to 76 Wells Fargo Raising the temple eradicate a barbaric practice, Diving into the mire Other commercial offices: Chicago, Dubai, Frankfurt, Los Angeles, it continues. Time to try a new Paris, San Francisco and Singapore approach: leader, page 17. A rite of passage ranges from symbolic to awful. Where should the line be drawn? Pages 63. Why more than half of newborn boys in America are circumcised, page 64 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 © 2016 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, NY 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, Hartford, WI. 53027 Benefit from a secured bond 8 The world this week The Economist June 18th 2016 control laws and concomitant $7m in cash in a monastery hate speech. This was inter- Politics resistance from gun-rights while carrying a rifle. He preted as a sign, following groups. The share prices of served as public-works min- weeks ofsometimes violent gunmakers soared. ister during the presidency of protests, ofgrowing tension as Cristina Fernández, who left elections loom next year. Donald Trump used the atroc- office in December. ity to air his idea ofa tempo- It was reported that Ethiopia rary ban on Muslims entering A Mexican soldier was and Eritrea have clashed on America, and suggested he murdered while guarding the their border. Having fought a would expand this to citizens perimeter ofa prison where war in 1998-2000, the UN ofany country with a record of Joaquín “El Chapo” Guzmán, urged “maximum restraint”. committing terrorism against Mexico’s most powerful drug- America. But in a move that trafficker, is being held. The seems to modify his strong soldier’s body showed signs of support for gun rights, he said torture.