PEFCcertified
ThiscopyofTheEconomist
is printedonpapersourced
fromsustainablymanaged
forests,recycledand
controlledsourcescertified
byPEFC
http://www.pefc.org
PEFC/01-31-
PublishedsinceSeptember 1843
totakepartin“aseverecontestbetween
intelligence,whichpressesforward,
andanunworthy,timidignorance
obstructingourprogress.”
EditorialofficesinLondonandalso:
Amsterdam,Beijing,Berlin,Brussels,Cairo,
Chicago,Johannesburg,Madrid,MexicoCity,
Moscow,Mumbai,NewDelhi,NewYork,Paris,
SanFrancisco,SãoPaulo,Seoul,Shanghai,
Singapore,Tokyo,WashingtonDC
Subscriptionservice Please
Forourfullrangeofsubscriptionoffers,including
digitalonlyorprintanddigitalbundled,visit:
Economist.com/offers
If youareexperiencingproblemswhentrying
tosubscribe,pleasevisitourHelppagesat:
http://www.economist.com/helpfortroubleshooting
advice.
ThebestwaytocontactourCustomerService
teamis viaphoneorlivechat.Youcancontactus
on+6565345166;pleasecheckourwebsiteforup
todateopeninghours.
© 2020 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 Economist is a registered trademark of The
Economist Newspaper Limited. Publisher: The Economist. Printed by Times Printers ( in Singapore).
MCI (P) No.045/09/2020. PPS 677/11/2012(022861)
6 Contents The EconomistNovember 14th 2020
Volume 437 Number 9220
Middle East & Africa
42 Corruption in South Africa
43 Why Zambia may default
44 Fed-up feminists in Egypt
45 Saeb Erekat, RIP
Europe
46 Nagorno- Karabakh
47 Corruption and Ukraine
48 Europe’s recovery fund
48 France fights jihadists
in Africa
International
50 What the world wants
from Biden
Business
53 China’s battered
entrepreneurs
55 Disney’s TV success
55 A growing taste for pasta
56 Royal Enfield revs up
57 SchumpeterMcDonald’s
supersizedcomeback
Briefing
58 Value investing struggles
Finance & economics
61 America’s rebound
62 The vaccine and investors
63 ButtonwoodEmerging
markets
64 Turkey’s economic policy
64 Grain prices in America
65 A Swedish unicorn
66 Free exchange Working
withepidemiologists
Science & technology
68 Fast tests for covid-
69 Life on Venus, redux
70 Better disposable cups
Books & arts
71 Britain and slavery
72 Chinatown chic
73 American society
73 Billy Wilder’s story
74 JohnsonLanguage and
evolution
Economic & financial indicators
76 Statisticson 42 economies
Graphic detail
77 Howless-educatedwhitesspurnJoeBiden
Obituary
78 James Randi, magician and professional sceptic