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THE ECONOMIST

The world at your fingertips. Subscribe for unlimited access to world-leading reporting and analysis. Subscriber-only benefits. Full access to all Economist digital products DO INCENTIVES OF CASH OR GIFTS FOR COVID-19 VACCINES WORK The value of the loot on offer varies. In parts of Beijing, Sinovac jabs come with two cartons of eggs. Elsewhere in China chicken wings, flour or free entry to parks are available. In Rajkot, an BRAZIL | JUN 5TH 2021 | THE ECONOMIST On the brink Brazil. Brazil. Special reports - Jun 5th 2021. Brazil: The captain and his country. The Amazon: Money trees. Politics: In need of reform. Sources and acknowledgments. AUCKLAND HAS BECOME THE WORLD’S MOST LIVEABLE CITY NEW ZEALAND has done a remarkable job of controlling covid-19. It has reported just 26 deaths from the disease, roughly one out of every

200,000 people. On

MY ACCOUNT | THE ECONOMIST You need to enable JavaScript to run this app. REWEAVING THE SAFETY NET—CAN JOE BIDEN EUROPEANISE Reweaving the safety net—can Joe Biden Europeanise American social policy? Our podcast on markets, the economy and business. Also this

week: how

WILL POORER COUNTRIES BENEFIT FROM INTERNATIONAL TAX Enjoy more audio and podcasts on iOS or Android. Developing countries are thirsty for revenue in general, and reliant on corporate tax in particular. In 2017 African countries raised 19% of GOVCOINS: THE DIGITAL CURRENCIES THAT WILL TRANSFORM Govcoins: The digital currencies that will transform finance – Weekly edition of The Economist for May 8th 2021. You've seen the news, now discover the story. EDUCATED VOTERS’ LEFTWARD SHIFT IS SURPRISINGLY OLD AND Every year, the 10% of voters with the most years of schooling gravitated towards left-wing parties, while the remaining 90% slid the other way. By 2000, this had gone on for so long that, as a VOTERS SHOULD CURB MEXICO’S POWER-HUNGRY PRESIDENT Voters should curb Mexico’s power-hungry president. I N A WORLD plagued by authoritarian populists, Mexico’s president has somehow escaped the limelight. Liberals furiously condemn the erosion

THE ECONOMIST

The world at your fingertips. Subscribe for unlimited access to world-leading reporting and analysis. Subscriber-only benefits. Full access to all Economist digital products DO INCENTIVES OF CASH OR GIFTS FOR COVID-19 VACCINES WORK The value of the loot on offer varies. In parts of Beijing, Sinovac jabs come with two cartons of eggs. Elsewhere in China chicken wings, flour or free entry to parks are available. In Rajkot, an BRAZIL | JUN 5TH 2021 | THE ECONOMIST On the brink Brazil. Brazil. Special reports - Jun 5th 2021. Brazil: The captain and his country. The Amazon: Money trees. Politics: In need of reform. Sources and acknowledgments. AUCKLAND HAS BECOME THE WORLD’S MOST LIVEABLE CITY NEW ZEALAND has done a remarkable job of controlling covid-19. It has reported just 26 deaths from the disease, roughly one out of every

200,000 people. On

MY ACCOUNT | THE ECONOMIST You need to enable JavaScript to run this app. REWEAVING THE SAFETY NET—CAN JOE BIDEN EUROPEANISE Reweaving the safety net—can Joe Biden Europeanise American social policy? Our podcast on markets, the economy and business. Also this

week: how

WILL POORER COUNTRIES BENEFIT FROM INTERNATIONAL TAX Enjoy more audio and podcasts on iOS or Android. Developing countries are thirsty for revenue in general, and reliant on corporate tax in particular. In 2017 African countries raised 19% of GOVCOINS: THE DIGITAL CURRENCIES THAT WILL TRANSFORM Govcoins: The digital currencies that will transform finance – Weekly edition of The Economist for May 8th 2021. You've seen the news, now discover the story. EDUCATED VOTERS’ LEFTWARD SHIFT IS SURPRISINGLY OLD AND Every year, the 10% of voters with the most years of schooling gravitated towards left-wing parties, while the remaining 90% slid the other way. By 2000, this had gone on for so long that, as a VOTERS SHOULD CURB MEXICO’S POWER-HUNGRY PRESIDENT Voters should curb Mexico’s power-hungry president. I N A WORLD plagued by authoritarian populists, Mexico’s president has somehow escaped the limelight. Liberals furiously condemn the erosion HOW AMERICA AND CHINA DOMINATE GLOBAL BUSINESS Tech firms make up a quarter of the global stockmarket and the geographic mix has become strikingly lopsided. America and, increasingly, China are ascendant, accounting for 76 of GOVCOINS: THE DIGITAL CURRENCIES THAT WILL TRANSFORM Govcoins: The digital currencies that will transform finance – Weekly edition of The Economist for May 8th 2021. You've seen the news, now discover the story. THE CAPTAIN AND HIS COUNTRY The captain and his country. Brazil is backsliding. Politicians, businesses and voters must act before it is too late, says Sarah Maslin. O NE DAY in April, as Brazilian hospitals ran out of WHAT A WORK-FROM-HOME REVOLUTION MEANS FOR COMMERCIAL OFFICES THESE days are temples of indulgence as much as places of work. One Vanderbilt, a new skyscraper in Manhattan, has unveiled a restaurant run by Daniel Boulud, a Michelin-starred chef THE HISTORY AND FUTURE OF MERITOCRACY The Aristocracy of Talent: How Meritocracy Made the Modern World. By Adrian Wooldridge. Allen Lane; 496 pages; £25. To be published in

America in

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THE FUTURE OF WORK

The future of work. Special report from The Economist. You've seen the news, now discover the story. SIMPLY SCIENCE NEWSLETTER Simply Science. The best of our journalism and analysis on science, delivered to you every Wednesday. Sign up for our newsletter. Yes, I agree to receive exclusive content, offers and updates to CHINA’S REVEALING AFGHAN STRATEGY China’s revealing Afghan strategy. O N MAY 9TH China’s foreign ministry was asked to comment on an atrocity in the Afghan capital, Kabul. Terrorists had detonated a HOW GREECE BECAME EUROPE’S UNLIKELY MODEL STUDENT If Brussels is a classroom, then Greece has become an unlikely swot. Its handling of the pandemic has been praised. Its plans for spending

a €31bn share

THE ECONOMIST

Finance ministers from the G7 club of big economies threw their weight behind a minimum global tax rate of at least 15% for the largest companies Peru prepared to hold a run-off presidential BRAZIL | JUN 5TH 2021 | THE ECONOMIST On the brink Brazil. Brazil. Special reports - Jun 5th 2021. Brazil: The captain and his country. The Amazon: Money trees. Politics: In need of reform. Sources and acknowledgments. REWEAVING THE SAFETY NET—CAN JOE BIDEN EUROPEANISE Reweaving the safety net—can Joe Biden Europeanise American social policy? Our podcast on markets, the economy and business. Also this

week: how

GOVCOINS: THE DIGITAL CURRENCIES THAT WILL TRANSFORM Govcoins: The digital currencies that will transform finance – Weekly edition of The Economist for May 8th 2021. You've seen the news, now discover the story.

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VOTERS SHOULD CURB MEXICO’S POWER-HUNGRY PRESIDENT Voters should curb Mexico’s power-hungry president. I N A WORLD plagued by authoritarian populists, Mexico’s president has somehow escaped the limelight. Liberals furiously condemn the erosion EDUCATED VOTERS’ LEFTWARD SHIFT IS SURPRISINGLY OLD AND Every year, the 10% of voters with the most years of schooling gravitated towards left-wing parties, while the remaining 90% slid the other way. By 2000, this had gone on for so long that, as a HOW TO MAKE SENSE OF CORPORATE COCK-UPS It took Gerald Levin, boss of Time Warner, a decade to apologise for what he finally admitted was “the worst deal of the century”—the $165bn merger of the media giant with AOL, an internet WHERE DID COVID-19 COME FROM? IN LITTLE MORE than a year, covid-19 has spread to 192 countries, caused more than 128m recorded infections and over 2.8m recorded deaths. But it is still not clear where the disease came from. HOW BIG FIRMS RIP OFF AFRICAN CONSUMERS How big firms rip off African consumers. K OKO MINGI VIII, king of the Nembe people, had a vigorous approach to trust-busting. In 1895 he led

a pre-dawn

THE ECONOMIST

Finance ministers from the G7 club of big economies threw their weight behind a minimum global tax rate of at least 15% for the largest companies Peru prepared to hold a run-off presidential BRAZIL | JUN 5TH 2021 | THE ECONOMIST On the brink Brazil. Brazil. Special reports - Jun 5th 2021. Brazil: The captain and his country. The Amazon: Money trees. Politics: In need of reform. Sources and acknowledgments. REWEAVING THE SAFETY NET—CAN JOE BIDEN EUROPEANISE Reweaving the safety net—can Joe Biden Europeanise American social policy? Our podcast on markets, the economy and business. Also this

week: how

GOVCOINS: THE DIGITAL CURRENCIES THAT WILL TRANSFORM Govcoins: The digital currencies that will transform finance – Weekly edition of The Economist for May 8th 2021. You've seen the news, now discover the story.

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VOTERS SHOULD CURB MEXICO’S POWER-HUNGRY PRESIDENT Voters should curb Mexico’s power-hungry president. I N A WORLD plagued by authoritarian populists, Mexico’s president has somehow escaped the limelight. Liberals furiously condemn the erosion EDUCATED VOTERS’ LEFTWARD SHIFT IS SURPRISINGLY OLD AND Every year, the 10% of voters with the most years of schooling gravitated towards left-wing parties, while the remaining 90% slid the other way. By 2000, this had gone on for so long that, as a HOW TO MAKE SENSE OF CORPORATE COCK-UPS It took Gerald Levin, boss of Time Warner, a decade to apologise for what he finally admitted was “the worst deal of the century”—the $165bn merger of the media giant with AOL, an internet WHERE DID COVID-19 COME FROM? IN LITTLE MORE than a year, covid-19 has spread to 192 countries, caused more than 128m recorded infections and over 2.8m recorded deaths. But it is still not clear where the disease came from. HOW BIG FIRMS RIP OFF AFRICAN CONSUMERS How big firms rip off African consumers. K OKO MINGI VIII, king of the Nembe people, had a vigorous approach to trust-busting. In 1895 he led

a pre-dawn

THE BIG-PHARMA FIRM THAT SAW THE FUTURE The big-pharma firm that saw the future. Long ago Roche bet on personalised health care. Now its time has come. R OCHE IS A strange entity. The Swiss giant is the world’s second-biggest

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TWO STATES OR ONE?

The peace process set up in the Oslo accords in 1993 aims to create two states that agree to disagree—using land swaps, security guarantees, a deal to share Jerusalem and a limited “right of AN INVESTMENT BONANZA IS COMING An investment bonanza is coming. Firms across the world are spending big. We analyse their capital-expenditure plans. AS LOCKDOWNS LIFT

across the

THE FUTURE OF WORK

The future of work. Special report from The Economist. You've seen the news, now discover the story. THE FUTURE OF BANKING The future of banking. Special report from The Economist. You've seen the news, now discover the story. JOE BIDEN ORDERS HIS SPOOKS TO INVESTIGATE THE ORIGINS OF IN MARCH, President Joe Biden asked his spooks how the covid-19 pandemic had started. Contradicting claims made last year by Donald

Trump, who

WHAT ARE THE LEGAL TROUBLES FACING DONALD TRUMP? THE LEGAL shield that Donald Trump wielded as president to stave off lawsuits vanished when he left office on January 20th, exposing him to civil and criminal legal peril. Several investigations SEE HOW AGE AND ILLNESSES CHANGE THE RISK OF DYING FROM Estimated covid-19 risk if diagnosed in the United States. 90% confidence interval. Central estimate. 20 30 40 50 60 70 80 Age 84-year-old woman 84-year-old woman Hospitalisation 20.8% PERMITLESS-CARRY GUN LAWS ARE MISGUIDED AND SHOULD BE Permitless-carry gun laws are misguided and should be scrapped. Leaders May 8th 2021 edition. E VERY AMERICAN state requires you to have a licence to drive a The Economist - Homepage Skip to content

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A LACK OF DATA ON RACE HAMPERS EFFORTS TO TACKLE INEQUALITIES Why governments need to overcome their qualms in gathering vital

information

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COVID-19 HAS SHONE A LIGHT ON RACIAL DISPARITIES IN HEALTH

China

JOE BIDEN’S CHINA POLICY WILL BE A MIX OF TRUMP’S AND OBAMA’S America’s next president will throw fewer wild punches -------------------------

Leaders

DONALD TRUMP RISKS HANDING AFGHANISTAN TO THE TALIBAN Withdraw in haste, repent at leisure

Business

AIRBNB’S STOCKMARKET DEBUT WILL BE A HIT Never mind its murky long-term prospects -------------------------

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HOW JOE BIDEN SHOULD TREAT CHINA Trump’s Afghan drawdown • Covid-19 and race • Poor countries’ debts • Tory counter-revolution -------------------------

Britain

BAGEHOT: IN SEARCH OF A MODERN MACHIAVELLI The ideal political adviser is hard to find -------------------------

Books & arts

BEETHOVEN’S TRIUMPHANT CAREER WAS A STRUGGLE AGAINST ADVERSITY So are the pandemic-hit celebrations of the composer’s 250th

birthday

MORE ON THE US PRESIDENTIAL TRANSITION

United States

BARACK OBAMA’S NEW MEMOIR WILL GIVE HIS FORMER DEPUTY LITTLE COMFORT The feverish obstructionism detailed in “A Promised Land” is likely to be repeated

By Invitation

JACK GOLDSMITH ON WHY TRUMP’S OBSTRUCTIONISM WILL FAIL The president cannot block a transition of power to Biden, but he will cause enormous destruction along the way

United States

WHAT THE BIDEN ADMINISTRATION WOULD DO DIFFERENTLY ON COVID-19

China

CHINA’S TIES WITH AMERICA COULD BE TESTED BY NORTH KOREA

WEEKLY EDITION

THE CHINA STRATEGY AMERICA NEEDS

November 20th 2020

* The China strategy America needs * Race and health: far from equal * Afghanistan, a premature evacuation * Golf’s biggest hitters

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Graphic detail

WHERE ARE THE WORLD’S MOST EXPENSIVE CITIES? Paris and Zurich rejoin Hong Kong at the top of the latest ranking

Leaders

REMAKING THE BRITISH STATE Britain’s government isn’t working well. But the Tories have got the wrong ideas for how to fix it

Asia

AS AMERICA PULLS OUT OF AFGHANISTAN THE TALIBAN FIGHT ON Negotiations are not making much headway, but the insurgency is

GRAPHIC DETAIL

HOW NEW SWING TECHNIQUES ARE REVOLUTIONISING GOLF A bulked-up Bryson DeChambeau has discovered how to clobber the ball without sacrificing loft -------------------------

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IN CONTEXT: ANALYSIS AND PREDICTIONS FOR 2021

The World Ahead

TEN TRENDS TO WATCH IN THE COMING YEAR A letter from Tom Standage, editor of “The World in 2021”

The World Ahead

2020: THE YEAR THAT WASN’T Is everything better second time around?

The World Ahead

HOLIDAYS IN 2021 WILL BE FEWER, LONGER AND CLOSER TO HOME

The World Ahead

GOVERNMENTS MUST JUDGE IF THE ECONOMIC RECOVERY NEEDS MORE HELP SPECIAL REPORT: ASSET MANAGEMENT

THE MONEY DOCTORS

The asset-management industry is at last sorting the quacks from the true specialists, argues John O’Sullivan

PASSIVE ATTACK

How index investing is reshaping the asset-management industry

DOUBLE TROUBLE

The trouble with delegating choices about what to invest in

STEWARDS’ INQUIRY

If investors buy stocks in an index, who watches managers?

TAKING BACK CONTROL

Privates are what listed assets are not—niche, illiquid and fee-rich

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