The Economist - USA (2021-10-09)

The Economist October 9th 2021 5

Contents

Contents continues overleaf

On the cover

The world this week

7 A summary of political

and business news

Leaders

9 Stagflation risks

The shortage economy

10 Social media

Facepalm

10 Climate change

H 2 ’s hope and hype

12 Pakistan

An all-weather frenemy

14 Ethiopia’s war in Tigray

No favours for killers

Letters

16 On Angela Merkel,

modern Arabic,

decentralised finance,

Canada, vaccines

Briefing

18 The hydrogen economy

A very big balancing act

Special report:

World trade

The new order

After page 

United States

23 The debt-ceiling dance

24 Income equality

24 Whistleblowers and tech

26 Polarisation explorers

28 How fire shaped Chicago

30 War from a distance

31 LexingtonDemocratic

discipline

The Americas

32 Latinobarómetro poll:

democracy at bay

33 Canadian football

34 An Argentine libertarian

Asia

35 What Pakistan wants

38 Korea’s “Squid Game”

38 Violence in Rohingya

refugee camps

40 BanyanSo long,

zero-covid-

China

41 Threatening Taiwan

42 Sounds of old Beijing

44 ChaguanWeighing up

accession to the cptpp

Middle East & Africa

45 Ethiopia v the world

46 The war in Tigray

47 France’s Africa reset

47 Employment in the Gulf

48 Iraq’s lacklustre election

Anew era of scarcity threatens
global prosperity: leader,
page 9.Soaring energy prices
and a faltering recovery invite
comparisons with the 1970s.
But the past is not the best
guide to the present,page 69.
Apugnacious paper takes aim
at a basic belief about how
inflation works: Free exchange,
page 74.In Britain wages are
rising, but so are prices and
taxes. Meanwhile, benefits are
being cut,page 55

Facebook’s problem starts at
the topEven when it has a point,
Facebook is reviled: leader, 
page 10.Why the latest series of
leaks is more politically potent
than previous ones, page 24

Ethiopia starves its citizensIt
must be stopped: leader, page 14.
Neither side has clean hands in
the bloody civil war, page 46

Shein: China’s fastest fashion
How a multinational clothes firm
has adapted to a more digital
and less open world, page 61

Aspecial report on tradeFree
trade has promoted growth and
efficiency. Now other goals are
competing for attention, says
Soumaya Keynes, after page 44

BagehotThe Tories are

deadly serious about

levelling up, page 57

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