The Economist - USA (2020-07-25)

The EconomistJuly 25th 2020 3

1 Contents continues overleaf

Contents

The world this week

5 A summary of political

andbusinessnews

Leaders

7 Macroeconomics

Free money

8 Collective debt

Europe pulls together

8 America’s Midwest

Revive, then thrive

9 Tanzania

Yousaybullish,I say...

10 GoingtoMars

Treadsoftly

Letters

12 OnHongKong,

short-sellers,theSupreme

Court,horsejumping,

“ThePrisoner”,medical

terms,breadmaking

Briefing

13 A neweraofeconomics

Startingoveragain

Specialreport:

TheMidwest

Anoutsizedpunch

Afterpage 38

Asia

17 Caste persists in India

18 The Philippine economy

19 Covid-19 in Central Asia

19 Japan’s robot sailors

20 Banyan America wades

intotheSouthChinaSea

China

21 Correcting injustice

22 The mushroom business

23 ChaguanA blood-

drenched TV thriller

United States

24 Stimulating America

25 Work and incentives

26 Pandemic geometry

27 Policing Minneapolis

28 LexingtonPortland

The Americas

29 Mexico’s emptying villages

30 Telework from Barbados

31 BelloPeru on the brink

Middle East & Africa

32 Tanzania’s whiffy

statistics

33 Uganda’s democracy

34 Migrants and adventure

34 Sickly Israel

35 Racism in the Middle East

ChaguanA Chinese

television thriller

drenched in blood asks

hard questions about

right and wrong, page 23

On the cover

Governments can now spend
as they please. That presents
opportunities—and grave
dangers: leader, page 7. The big
rethink of macroeconomics:
briefing, page 13. How banks
now play second fiddle to
capital markets, page 54.
Central banks and the shift
from paper to virtual money,
page 58

• TikTok’s time runs shortAs
  America threatens to ban or
  seize the wildly popular video
  app, its Chinese parent is
  scrambling for a way to hang on
  to it,page 47


• Russian meddling, British
  complacencyCarelessness,
  greed and self-interest have all
  left British politics vulnerable to
  foreign interference,page 36


• America’s Midwest: a special
  report Adam Roberts looks at a
  region that matters out of all
  proportion to its size, after
  page 38. The best-run cities of
  America’s Midwest offer other
  places a lesson in regeneration:
  leader, page 8

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