2019-08-24 The Economist - Continental Europe edition

The EconomistAugust 24th 2019 3

1 Contents continues overleaf

Contents

The world this week

5 A summary of political

andbusinessnews

Leaders

9 Shareholder capitalism

What companies are for

10 Coal and climate change

Betting on black

11 Italian politics

Time to govern, not

campaign

11 BusinessinChina

Cathay’smayday

12 Germany’seconomy

Takeaim

Letters

14 OntheAmazon,

BlackRock,ToniMorrison,

e-scooters,HR,dry

cleaning

Briefing

16 Corporatepurpose

I’mfroma company,and

I’mheretohelp

Europe

19 Italy’s populists split

20 Buying Greenland

20 Joblessness in southern

Europe

21 Transylvania’s beasts

22 CharlemagneGhosts of

Terezin

Britain

23 The battle for students

24 Iran’s tanker sets sail

26 BagehotBoris’s brain

Middle East & Africa

27 Graft in Mozambique

28 Ending polio in Africa

29 A hopeful deal in Sudan

29 Missing Hosni Mubarak

30 Syrians in Lebanon

United States

31 Immigration enforcement

32 Democrats’ rural problem

33 Evictions examined

34 Abortion war

The Americas

36 Paraguay’s dam mess

37 The burning Amazon

37 Mexico’s marathon cheats

38 BelloThe limits of

technocracy

BanyanWhen India’s

government abuses its

power, the media don’t

roll over. They cheer,

page 44

On the cover

Competition, not corporatism,
is the answer to capitalism’s
problems: leader, page 9. The
idea that companies with a
sense of purpose could help
deal with social injustice,
climate change and inequality
is sweeping through parts of
the business world: briefing,
page 16

• Who should run Italy now?
  A snap election could worsen the
  country ’s budget woes: leader,
  page 11. Matteo Salvini hopes
  for elections. His opponents
  hope to avoid them, page 19


• China bullies Cathay Pacific
  The Communist Party shows its
  disregard for rules and markets:
  leader,page 11. The link between
  the Hong Kong protests and the
  most expensive property market
  in the world, page 45.
  Multinationals in Hong Kong are
  rattled, page 53. China’s
  thin-skinned online nationalists
  want to be both loved and
  feared by the West: Chaguan,
  page 48


• How recessions beginThe
  onset of a downturn is as much a
  matter of mood as of money:
  Free exchange,page 62. Is the
  Japanification of bond markets a
  passing phase or permanent
  state? Buttonwood, page 60.
  The case for more fiscal
  stimulus in Germany: leader,
  page 12


• Gravity waves and nuclear
  pastaThe observation of a
  merger between a black hole
  and a neutron star marks the
  maturity of gravitational
  astronomy,page 64