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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 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

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. EUROPE IS NOW A CORPORATE ALSO-RAN. CAN IT RECOVER ITS Enjoy more audio and podcasts on iOS or Android. Nearly four decades later the company founded by that young upstart, Steve Jobs, is worth more than the 30 firms in 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

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 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 ITALY’S POPULIST RIGHT LOOKS MENACING ON MAY 20TH Italy’s interior minister, Luciana Lamorgese, was due in Tunis with the EU’s commissioner for home affairs, Ylva Johansson, to investigate and discuss a humanitarian crisis that

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 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

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. EUROPE IS NOW A CORPORATE ALSO-RAN. CAN IT RECOVER ITS Enjoy more audio and podcasts on iOS or Android. Nearly four decades later the company founded by that young upstart, Steve Jobs, is worth more than the 30 firms in 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

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 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 ITALY’S POPULIST RIGHT LOOKS MENACING ON MAY 20TH Italy’s interior minister, Luciana Lamorgese, was due in Tunis with the EU’s commissioner for home affairs, Ylva Johansson, to investigate and discuss a humanitarian crisis that WHO GETS TO BE IN THE G7? 22 hours ago · Confusingly, group photographs at its summits show nine leaders rather than seven, because the presidents of the European

Commission and

SOARING FACTORY PRICES IN CHINA ADD TO GLOBAL INFLATION 22 hours ago · ERIC ZHU, an international sales manager at a Chinese forklift-maker, has just sent his second letter of the year to customers, explaining that prices INCENTIVES MAY HAVE LITTLE IMPACT ON AMERICAN ANTI-VAXXERS 14 hours ago · RESIDENTS OF WASHINGTON state, in the north-west corner of the United States, are now eligible for a free joint if they get vaccinated for covid-19. The state government’s Liquor and

Cannabis

CRYPTOCOINS ARE PROLIFERATING WILDLY. WHAT ARE THEY ALL 13 hours ago · MIAMI IS THE mecca of anti-establishment finance. Or so it seemed on June 4th-5th, when 12,000 people clad in everything from flannel suits to festival gear and whale-shaped hats descended on

the

JEFF BEZOS’S FLIGHT OF FANCY THE BATTLE of the space cadets is hotting up. Elon Musk and Jeff Bezos, a pair of billionaires who made their fortunes bending terrestrial technologies to their will, have long been trying to AIN’T EASY BEING GREEN—THE BOTTLENECKS THREATENING THE 14 hours ago · THE CLEAN-ENERGY business is thriving. Theories of decarbonisation are finally being put into practice. But how can the green boom avoid getting bogged down? AUCKLAND HAS BECOME THE WORLD’S MOST LIVEABLE CITY 1 day ago · 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 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 THE BIG-PHARMA FIRM THAT SAW THE FUTURE R OCHE IS A strange entity. The Swiss giant is the world’s second-biggest drugmaker and one of big pharma’s most profitable firms. But its largest shareholding group, mostly descended from “WE SEE THIS WAVE OF DIGITAL CENSORSHIP SWEEPING THROUGH 22 hours ago · The Intelligence “We see this wave of digital censorship sweeping through Asia”—Indonesia joins a worrying trend Also on the daily podcast: opposition candidates nobbled in

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 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. 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 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 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 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? The Economist explains. 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

TENSION OVER TAIWAN

Tension over Taiwan. Biden at 100 days • Britons vote, Johnson redecorates • The curse of long covid • India’s deadly second wave. Graphic detail. FOR DECADES ambiguity has helped to keep 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

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 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. 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 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 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 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? The Economist explains. 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

TENSION OVER TAIWAN

Tension over Taiwan. Biden at 100 days • Britons vote, Johnson redecorates • The curse of long covid • India’s deadly second wave. Graphic detail. FOR DECADES ambiguity has helped to keep 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

The Economist - World News, Politics, Economics, Business DO INCENTIVES OF CASH OR GIFTS FOR COVID-19 VACCINES WORK 23 hours ago · 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 FOREIGN ASSET MANAGERS ARE EYEING CHINA’S VAST POOL OF 1 day ago · ZHANG KUN is the rock star of Chinese fund management. His name often makes headlines; whole articles are dedicated to his investment calls. Investors vie to AUCKLAND HAS BECOME THE WORLD’S MOST LIVEABLE CITY 18 hours ago · The net effect of these additions was to send most cities in Europe plunging down the rankings. Prague’s score fell the most, by 13.5 points out of IMPROVING VENTILATION WILL HELP CURB SARS-COV-2 O N JANUARY 24TH 2020 three families, together numbering 21 people, came independently to eat lunch at a restaurant in Guangzhou. It was the eve of the Chinese New Year. Extra seating had been LIONEL SHRIVER ON AGEING, COVID-19 AND THE PURPOSE OF 23 hours ago · Contemporary fiction Lionel Shriver on ageing, covid-19 and the purpose of fiction “Should We Stay or Should We Go”, her latest novel, approaches a morbid subject with a sense of

humour

A FLICKER OF LIGHT FOR THE TREATMENT OF ALZHEIMER’S 21 hours ago · AFTER ALMOST two decades, the FDA has granted conditional approval to a drug for the treatment of Alzheimer’s disease, called aducanumab. But the 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% POLICE IN 16 COUNTRIES HAVE ARRESTED HUNDREDS FOLLOWING A 17 hours ago · The breakthrough that launched Operation Trojan Shield came in 2018, when the FBI convinced Anom’s developer to turn informant in return for THE BIG-PHARMA FIRM THAT SAW THE FUTURE R OCHE IS A strange entity. The Swiss giant is the world’s second-biggest drugmaker and one of big pharma’s most profitable firms. But its largest shareholding group, mostly descended from

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 WHERE DID COVID-19 COME FROM? The Economist explains. 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 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. 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 A GREEN BUBBLE? WE DISSECT THE INVESTMENT BOOM GREEN ASSETS are on a tear. The prices of battery metals such as lithium and cobalt have surged by about two-thirds and a third, respectively, so far this year. Copper has reached a

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 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 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.

TENSION OVER TAIWAN

Tension over Taiwan. Biden at 100 days • Britons vote, Johnson redecorates • The curse of long covid • India’s deadly second wave. Graphic detail. FOR DECADES ambiguity has helped to keep

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 WHERE DID COVID-19 COME FROM? The Economist explains. 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 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. 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 A GREEN BUBBLE? WE DISSECT THE INVESTMENT BOOM GREEN ASSETS are on a tear. The prices of battery metals such as lithium and cobalt have surged by about two-thirds and a third, respectively, so far this year. Copper has reached a

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 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 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.

TENSION OVER TAIWAN

Tension over Taiwan. Biden at 100 days • Britons vote, Johnson redecorates • The curse of long covid • India’s deadly second wave. Graphic detail. FOR DECADES ambiguity has helped to keep FOREIGN ASSET MANAGERS ARE EYEING CHINA’S VAST POOL OF 20 hours ago · ZHANG KUN is the rock star of Chinese fund management. His name often makes headlines; whole articles are dedicated to his investment calls. Investors vie

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The Economist - World News, Politics, Economics, Business DO INCENTIVES OF CASH OR GIFTS FOR COVID-19 VACCINES WORK 16 hours ago · 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 AUCKLAND HAS BECOME THE WORLD’S MOST LIVEABLE CITY 11 hours ago · 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 IMPROVING VENTILATION WILL HELP CURB SARS-COV-2 O N JANUARY 24TH 2020 three families, together numbering 21 people, came independently to eat lunch at a restaurant in Guangzhou. It was the eve of the Chinese New Year. Extra seating had been LIONEL SHRIVER ON AGEING, COVID-19 AND THE PURPOSE OF 16 hours ago · Contemporary fiction Lionel Shriver on ageing, covid-19 and the purpose of fiction “Should We Stay or Should We Go”, her latest novel, approaches a morbid subject with a sense of

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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% A FLICKER OF LIGHT FOR THE TREATMENT OF ALZHEIMER’S 14 hours ago · AFTER ALMOST two decades, the FDA has granted conditional approval to a drug for the treatment of Alzheimer’s disease, called aducanumab. But the POLICE IN 16 COUNTRIES HAVE ARRESTED HUNDREDS FOLLOWING A 10 hours ago · The breakthrough that launched Operation Trojan Shield came in 2018, when the FBI convinced Anom’s developer to turn informant in return for THE BIG-PHARMA FIRM THAT SAW THE FUTURE R OCHE IS A strange entity. The Swiss giant is the world’s second-biggest drugmaker and one of big pharma’s most profitable firms. But its largest shareholding group, mostly descended from The Economist - Homepage Skip to content

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EL SALVADOR’S PRESIDENT SUMMONS THE ARMY TO BULLY CONGRESS Nayib Bukele may get his way, at the price of damaging democracy THE AMERICAS Feb 13th 2020 edition -------------------------

Feb 13th 2020

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NAYIB BUKELE, the president of El Salvador, draws notice outside his country for his youth, his jet-black beard and his mastery of social media. Now his authoritarianism is a trending topic. The sight of Mr Bukele entering the National Assembly on February 9th, alongside soldiers toting machine guns, shocked onlookers at home and abroad. He plonked himself in the empty chair reserved for the president of congress. “I liked seeing those empty seats,” he tweeted. “It made it easier for me to imagine them full of honest people who work

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Congress accused the president of staging an “attempted coup”. The Constitutional Court rebuked Mr Bukele. _El Faro_, a Salvadorean news website, called his stunt “the lowest moment that Salvadorean democracy has lived in three decades”. He retorted, not very reassuringly, “If I were a dictator, I would have taken control of

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