The Economist (2022-02-26) Riva

The Economist February 26th 2022 5

Contents

Contents continues overleaf

Onthecover

Theworldthisweek

8 Asummary of political

andbusiness news

Leaders

11 Vladimir Putin’s war

Where will he stop?

12 Spending America’s

federal bonanza

Wasting a windfall

12 Private markets

The private-equity

delusion

14 South Africa

Courting trouble

16 Workplace automation

Riseoftherobots

Letters

18 On Canada, bilingual

people, Estonia, levelling

up, Uganda, Gordon

Brown,tech giants

Briefing

19 The war in Ukraine

Afrightening wait yields

toawfulreality

Special report:

Privatemarkets

Into the mainstream

After page 44

UnitedStates

24 The American Rescue

Plan

25 New York’s governor

26 Parks and permits

28 Child brides

28 Anti-woke universities

32 LexingtonReality against

Putin

TheAmericas

33 Uruguay’s success story

34 Inflation in Brazil

35 Bello Drugs and politics

Asia

36 Moon Jae-in’s legacy in

South Korea

37 Asian place names

40 Blasphemy in Pakistan

40 Cambodia’s diplomacy

41 Banyan Ukraine viewed

from Asia

China

42 Choosing sides on

Ukraine

43 Hong Kong’s covid-

chaos

44 ChaguanThe horrors of

bride-trafficking

MiddleEast&Africa

45 South Africa’s judiciary

46 Jihadists moving south

47 Africa’s narrative names

48 Dirty money in the uae

49 Minibuses in Cairo

49 Falconry in the Gulf

Russia’s president has begun a
war that many thought
unthinkable. Ukraine and the
West face a grim test: leader,
page 11.The consequences will
reshape European security:
briefing,page 19.Expect
inflation, lower growth and
disruption to financial markets,
page 67.How the Biden
administration is countering
Russian disinformation on
Ukraine: Lexington,page 32.
China’s balancing act,page 42.
The implications of the Ukraine
conflict for the Asia-Pacific
region: Banyan,page 41

China’s techno-dependence
The Communist Party wants to
end China’s reliance on the West
in strategic industries. We assess
its progress in six of them,
page 59

South African judges under
threatThe country must do
more to protect them: leader,
page 14,and analysis, page 45

Thecountriesthatfaketheir
covidstatsAbnormaltallies
suggestsomecountriesreported
falsecovid-19data:graphic
detail,page 85

Aspecialreportonprivate
financeThepastdecadewas
goldenforprivatemarkets.Now
theyarebeingdramatically
reshaped,afterpage 44

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Schumpeter How

Gazprom helps the

Kremlin put the squeeze

on Europe, page 66