The Economist - June 16, 2018.pdf

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How strongmen subvert democracy
Financial clean-up in China
Canada’s vulnerable economy
Making concrete with carrots
JUNE
16TH
–
22ND 2018
Kim Jong Won
Contents
5
The world this week
31
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8
9
9
10
On the cover
The master negotiator seems
to have no clue how to haggle
with North Korea: leader,
page 7. Kim Jong Un did
better than Donald Trump at
their strange meeting in
Singapore, page 18. Mr Trump
wants his own foreign policy,
but will not want to pay for it:
Lexington, page 25
12
Leaders
America and North Korea
Kim Jong Won
Politics
How democracy dies
AT&T and Time Warner
Green light
Chinese finance
Xi, make me chaste
Russia
Free Oleg Sentsov
Britain and the EU
Softer is better
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34
Asia
Development in India
Nutrition v debt relief
Cricket in Afghanistan
Khyber pastime
Pakistan’s economy
In need of re-stitching
Elections in South Korea
Rising Moon
Banyan
Squeezing Taiwan
The Economist
June 16th 2018
3
Letters
14 On Timor-Leste,
Parliament, American
politics, banking,
Germany, football
Briefing
18 The Singapore summit
Enough to make a
Rodman cry
United States
Voting (1)
Multiple choice
Voting (2)
Husted, we have a problem
Whaling in Alaska
Summer ice
STDs
Rash behaviour
Preventing suicide
The sorrows of Werther
Lexington
The cost of America First
The Americas
Canada’s economy
Breaking a few eggs
North American World Cup
Friends on the pitch
Health in Latin America
Polio’s comeback
Chile
Money from mist
China
35 Foreign-language media
A propaganda drive
36 Activism in Hong Kong
Reading the riot act
Middle East and Africa
Housing in the Middle East
Villas and slums
Iraq’s election
Burnt ballots
The war in Yemen
Port in a storm
Ghanaian football
Why fans are jaded
Teenage mums in Africa
Impregnated and expelled
Congo’s coming election
Mr Kabila’s intentions
Europe
Germany and central
Europe
In bad Oder
Macedonia’s name
A new country
The World Cup
Beautiful game, ugly reality
Women in cabinets
Spain shows the way
Poland’s leader
Where’s Jaroslaw?
Turkey’s floundering
economy
Pillow talk
Charlemagne
Europe and Trump
Democracies in retreat
The rise of strongmen in weak
states holds lessons for
democracies everywhere:
leader, page 8. After decades
of triumph, democracy is
losing ground. Why? Page 50
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Britain and the EU
A hard
Brexit seems ever less likely.
Good: leader, page 12. Theresa
May has conceded just enough
to avoid parliamentary
defeats. But she is being
driven towards a softer
version of Brexit, page 47.
Brexiteers fear being stitched
up by the establishment:
Bagehot, page 49
Volume 427 Number 9096
Published since September 1843
to take part in "a severe contest between
intelligence, which presses forward, and
an unworthy, timid ignorance obstructing
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Canada
The economy is
already feeling the effects of
Donald Trump’s trade war,
page 28
1
Contents continues overleaf
4
Contents
62 Statistics in Greece
Significant figure
63 Banking in Africa
Making waves
64 Employing refugees
Situations vacant
66 Free exchange
The Fed and feedback
Science and technology
Materials science
Industrial plants
Seismology
A light shaking
Anti-predator behaviour
Fight or flight?
Scientific honesty
Something to crow about
Military communications
Jaw-jaw and war-war
Books and arts
Inequality and its costs
The crack-up
David Lynch’s memoir
The painting and the moth
A poet’s debut novel
Together, once
Alberto Giacometti
Rising up to heaven
The Economist
June 16th 2018
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China’s shadow banks
Now
that it has made progress in
tackling its debts, China faces
the real test: leader, page 9.
Stricter oversight of shadow
banking, prompted by fears of
financial instability, begins to
bite, page 59
Britain
The politics of Brexit
Problems postponed
Philatelists fight back
Dad’s Army revisited
The Daily Mail
Paul Dacre is away
Bagehot
Brexiteers, back in the box
International
50 Democracy’s decline
Rise of the strongmen
Business
Renewable energy
On the solarcoaster
Bartleby
Alternative employment
Latin American oil firms
In deep water
Google and AI
Playing with fire
Italian business
Price of protection
Entrepreneurship in
Germany
Taking off
Airbnb and Uber in Japan
Can share, won’t share
Schumpeter
Multinationals’ malaise
Finance and economics
Chinese finance
Light on the shadows
International trade
Hidden barriers
Buttonwood
Playing Argentina
American banks
Under the rug
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Obituary
Anthony Bourdain,
chef, food-writer and
insatiable traveller, page 78
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Inequality and health
Is the
gap between rich and poor to
blame for suicide, drug abuse
and mental illness? Page 71
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Economic and financial
indicators
Statistics on 42 economies,
plus a closer look at coal
Obituary
78 Anthony Bourdain
The power of food
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Plant-reinforced concrete
How carrot-power can make
buildings stronger, page 67
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The world this week
Politics
Leung had angered the
Chinese government by
supporting independence for
Hong Kong.
Lorry drivers staged strikes in
several
Chinese
cities. They
were protesting against fuel
costs and competition from
app-based haulage services.
illegal migration. Critics
wondered whether the word
“axis” had quite the right
historical ring to it.
The Economist
June 16th 2018
5
defeated in a primary election.
Mr Sanford previously made
headlines in 2009 when, as
governor, he disappeared for a
week. It turned out he was
having an affair. The official
explanation for his absence,
that he was “hiking the Appa-
lachians”, became a popular
euphemism for infidelity.
Donald Trump and Kim Jong
Un,
North Korea’s
dictator,
held a summit in Singapore.
Mr Kim promised “complete
denuclearisation” in exchange
for American security guaran-
tees. Mr Trump called it “a very
great moment in the history of
the world”. Critics noted that
North Korea has always bro-
ken such promises in the past.
South Korea’s
ruling party
won provincial and municipal
elections by a landslide, cap-
turing14 of17 governorships. It
marked the first time that
liberal candidates had ever
won in several south-eastern
provinces. The popularity of
Moon Jae-in, the president, has
been buoyed by the recent
detente with North Korea.
Hundreds of people stormed
government offices in
Vietnam
to protest against a
draft law that would let
foreigners hold leases of up to
99 years on property. They fear
that Chinese investors will buy
lots of land. The law’s
adoption has been delayed.
Taiwan’s
president attended
the opening of a new building
for the American Institute in
Taiwan, America’s unofficial
embassy in the country. China,
which bristles at anything that
even hints at diplomatic recog-
nition of Taiwan, had warned
America not to send a senior
official. America dispatched a
lowly undersecretary of state.
A court in
Hong Kong
sen-
tenced a prominent activist,
Edward Leung, to six years in
prison for his role in a riot in
2016 triggered by officials’
efforts to remove street stalls
selling traditional snacks. Mr
Reversal of fortune
With a tiny majority in Parlia-
ment and faced with a rebel-
lion from a handful of Tory
MPs
opposed to
Brexit,
the
British government promised
MPs
what Remainers hope
will be a “meaningful” vote on
whether to approve whatever
deal emerges from talks with
the
EU.
This week’s machina-
tions make it more likely that
the United Kingdom will end
up with a “soft” Brexit.
The governments of Macedo-
nia and Greece agreed on a
new name for the former,
which is seated at the
UN
as
the Former Yugoslav Republic
of Macedonia. The country’s
new name,
Northern
Macedonia,
is designed to
appease Greek sensitivities
about cultural appropriation.
Scales of justice
Jean-Pierre Bemba, a former
Congolese warlord, had his
conviction for
crimes against
humanity
overturned on
appeal. He still awaits sentence
on a separate charge of bribing
witnesses, but the Internation-
al Criminal Court ordered his
release. His supporters want
him to return to the Democrat-
ic Republic of Congo and run
for president.
An American soldier was
killed and four wounded in
Somalia
after they were
attacked by al-Shabab, a jiha-
dist group. America is mulling
whether to scale back its mil-
itary operations in Africa.
A coalition led by
Saudi Ara-
bia
and the
United Arab
Emirates
attacked Hodeida,
the main entry port for aid in
Yemen,
in a bid to wrest it
from the Houthis, a group of
Shia rebels who chased the
government out of Sana’a, the
capital, in 2015. The
UN
had
warned that fighting over the
port could disrupt the supply
of food to Yemeni cities, put-
ting millions at risk of hunger.
A fire destroyed part of a depot
in
Iraq
where ballot papers
were being stored after a dis-
puted election in May. Iraq’s
parliament had ordered a
recount of the ballots amid
allegations of vote-rigging.
The non-believer
The
G7
summit
in Canada
was the most rancorous in the
club’s history. America clashed
with its allies over climate
change and trade. Donald
Trump refused to sign the final
communiqué, accusing Justin
Trudeau, the Canadian prime
minister, of making “false
statements”. “There’s a special
place in hell” for those who act
in bad faith, said Mr Trump’s
trade adviser, Peter Navarro.
America extradited Ricardo
Martinelli, a former president
of
Panama,
to his home coun-
try to face trial on charges of
corruption and wiretapping.
He is accused of using public
money to spy on 150 rivals.
Pope Francis accepted the
resignation of three
Chilean
bishops. They include Juan
Barros, who was accused of
covering up sexual abuse of
children by a priest.
The
Aquarius,
a rescue vessel
carrying more than 600
migrants
from north Africa,
was refused access to Italian
ports by Matteo Salvini, Italy’s
new nationalist interior
minister. After two days of
impasse, Spain, under its new
Socialist government, stepped
forward to offer the ship a
berth in Valencia. Italy did
accept migrants on an Italian-
flagged ship.
Austria’s
chancellor,
Sebastian Kurz, proposed the
creation of what he called an
“axis of willing” among Ger-
many, Italy and Austria to curb
Use it or lose it
America’s Supreme Court
sided with Ohio, which had
removed the name of a man
who did not vote regularly
from the electoral register.
Federal law forbids the auto-
matic removal of
lax voters
from the rolls, but states have a
duty to keep their information
up to date. The court found
that a notice of intent to re-
move the man from the regis-
ter did not violate the rules.
Mark Sanford, a Republican
congressman from
South
Carolina
who has often criti-
cised Donald Trump, was
On the eve of the 2018
World
Cup,
the 2026 tournament was
awarded jointly to the United
States, Canada and Mexico.
The members of
FIFA,
football’s governing body,
ignored recent tensions among
the three countries in choosing
their joint bid over Morocco’s.
Mr Trump will no longer be
president by the time the
tournament is played. It is also
possible that the North Ameri-
can Free-Trade Agreement will
have been dissolved by then.
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