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4 Contents The EconomistJuly 21 st 2018

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GoogleDespite a global

techlash and high fines in

Europe America’s online

giants do not have much to

fear from regulators page 47.

The European Commission is

right to tackle the tech titans

but its remedies are wanting:

leader page 11

European Central Bank Mario

Draghi’s replacement will be

chosen after much political

haggling page 53

Venezuela How its astute

citizens preserve their savings

from hyperinflation—and the

lessons for everyone else:

Buttonwood page 54

Python A simple and versatile

computing language has

brought coding to a vast new

audience page 63

Britain

43 A second Brexit

referendum

Here we go again?

44 The radical right

Back from a brief ’kip

International

45 The sexualisation of

children

Grappling with the “Lolita

complex”

Business

47 Taming tech titans

Antitrust theatre

48 Bartleby

Work till you drop

49 Nord Stream 2

Putin that in your pipe

49 Netflix

Don’t look now

50 Vanadium

Beauty and long life

51 Higher education

Learning difficulties

52 Schumpeter

Companies and time

Finance and economics

53 European Central Bank

Succession planning

54 Buttonwood

A trunkful of bolívares

55 Goldman Sachs

White smoke over West

Street

55 Football transfers

Goal poachers

56 China’s economy

Jostling eunuchs

57 Income-share

agreements

Higher returns

58 Free exchange

The ballot or the wallet

Science and technology

63 Computer programming

And now for something

completely different

64 Medicine

Cutting to the truth

65 Archaeology

Toast before tillage

65 Virology

Second-mover advantage

66 Flying cars

A James Bond special

Books and arts

67 The Flint water scandal

River of fire

68 Murder at Harvard

Where it happened

68 Mughal history

Not just a pretty face

69 Muriel Spark at 1 00

In her prime

70 Johnson

Fossil hunting

72 Economic and financial

indicators

Statistics on 42 economies

plus a closer look at Turkey

Obituary

74 Lord Carrington

A question of honour