Registered as a newspaper. © 2019 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. Published every week, except for a year-end double issue, by The Economist Newspaper Limited. The Economistis a
registered trademark of The Economist Newspaper Limited. Printed by Walstead Peterborough Limited.6 Contents The EconomistSeptember 14th 2019
PEFC/16-33-Published since September 1843
to take part in“a severe contest between
intelligence, which presses forward,
and an unworthy, timid ignorance
obstructing our progress.”
Editorial offices in London and also:
Amsterdam, Beijing, Berlin, Brussels, Cairo,
Chicago, Johannesburg, Madrid, Mexico City,
Moscow, Mumbai, New Delhi, New York, Paris,
San Francisco, São Paulo, Seoul, Shanghai,
Singapore, Tokyo, Washington DCSubscription service
For our full range of subscription offers, including
digital only or print and digital combined, visit:
Economist.com/offers
You can also subscribe by post, telephone or email:
Post: The Economist Subscription
Services, PO Box 471, Haywards
Heath, RH16 3GY, UK
Telephone: 0333 230 9200 or
0207 576 8448
Email: customerservices
@subscriptions.economist.comOne-year print-only subscription (51 issues):
UK..........................................................................................£PEFC certified
This copy of The Economist
is printed on paper sourced
from sustainably managed
forests certified by PEFC
http://www.pefc.orgPleaseVolume 432 Number 9160Asia
54 America and Afghanistan
55 Drug shame in Japan
55 Cows’ urine in India
56 East Timor’s history
56 Urbanisation in
Bangladesh
57 BanyanJapanese spiesChina
58 Fears of Hong Kong
contagion
60 ChaguanTrucker cultureInternational
61 The great drug shortageBusiness
63 Huawei’s piece offering
64 Bartleby Executive looks
66 Apple’s cart
66 From Russia with
diamonds
67 VW’s profit motor
68 Nissan loses another boss
70 Schumpeter The
Microsoft doctrineFinance & economics
71 Fannie and Freddie
72 A Hong Kong bid for LSE
73 ButtonwoodThe Japan
bid
74 Poorly pigs in China
74 The IMF’s next boss
75 Macri’s mistakes
76 Free exchangeRevisiting
the commonsScience & technology
78 Flying taxis take off
79 The sound of sand
80 Fountain of youth
81 Neanderthal earaches
81 An exoplanet with waterBooks & arts
82 A sequel to “The
Handmaid’s Tale”
83 Corporate America
84 A history of Brooklyn
85 Hong Kong cinemaEconomic & financial indicators
88 Statistics on 42 economiesGraphic detail
89 Austria’s century bondsObituary
90 Robert Mugabe, hero turned tyrant