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The Economist Continental Europe Edition

The Economist Continental Europe Edition 11/17/2018

The Economist is the premier source for the analysis of world business and current affairs, providing authoritative insight and opinion on international news, world politics, business, finance, science and technology, as well as overviews of cultural trends and regular Special reports on industries and countries.

United Kingdom
The Economist Newspaper Limited - Europe
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NOK 2,165
51 Utgaver

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8 min.
the world this week

Politics After an “impassioned” five-hour meeting Theresa May, Britain’s prime minister, said her cabinet had approved a provisional withdrawal deal from the European Union. After the meeting Mrs May said she believed the draft deal was “the best that could be negotiated”. She now needs Parliament to back it, but may struggle to find enough votes to get it passed. Several of her ministers, including the Brexit secretary, resigned over the deal. Mrs May herself could yet be toppled. Paradise lost Wildfires continued to rage in California. At least 50 people are confirmed to have died in the blazes, many from the devastated town of Paradise in the north of the state. More than 100 people are still missing. Around 300,000 Californians are thought to have fled their homes. President Donald Trump blamed…

5 min.
the next capitalist revolution

CAPITALISM HAS suffered a series of mighty blows to its reputation over the past decade. The sense of a system rigged to benefit the owners of capital at the expense of workers is profound. In 2016 a survey found that more than half of young Americans no longer support capitalism. This loss of faith is dangerous, but is also warranted. Today’s capitalism does have a real problem, just not the one that protectionists and populists like to talk about. Life has become far too comfortable for some firms in the old economy, while, in the new economy, tech firms have rapidly built market power. A revolution is indeed needed—one that unleashes competition, forcing down abnormally high profits today and ensuring that innovation can thrive tomorrow. Countries have acted to fuel competition…

5 min.
into the endgame

AT LAST, BRITAIN’S game of three-dimensional chess with the European Union is entering its closing phase. On November 14th the two parties published a draft divorce agreement, 585 pages in length. Nearly two-and-a-half years after the British shocked their own government by voting to leave the EU, they are about to discover what Brexit really means. The game is by no means over. The deal still has to be agreed by the EU and, harder still, by the British Parliament. Several ministers, including the Brexit secretary, resigned in protest; Theresa May could yet be toppled. MPs must grapple with multiple loyalties: to their constituents, their parties and their own beliefs, all of which are likely to have shifted since the referendum. Within weeks they will have to make the biggest decision…

3 min.
coping with the 100-year-life society

MORE THAN half of Japanese babies can expect to live to 100. This prospect would have horrified Yukio Mishima, a writer who thought it so important to die young and handsome that he ritually disembowelled himself after staging a pantomime “coup” attempt in 1970. It horrifies today’s pessimists, too. They worry that, as the country ages and its population shrinks, health bills will soar, the pension system will go bust, villages will empty and there will be too few youngsters to care for the elderly. Yet for most people, not dying young is a blessing. Those extra years can be spent learning new skills, enjoying the company of loved ones or reading blood-spattered Mishima novels. Japan’s prime minister, Shinzo Abe, says he wants his country to be a model of how…

3 min.
oh, the places you’ll grow

PLACES MATTER. The probability that a baby born in the bottom 20% of the income scale in Detroit will make it to the top 20% as an adult is half that of a similar child in San Francisco. One answer is to get people to move. Even a short distance can make a big difference. In America a child in a low-income family who moves from a neighbourhood with less social mobility than average, to one in the same county that has more mobility than average, can expect to earn $200,000 more over their lifetime. The problem is that Americans are less inclined and able to move than in the past. So policymakers are, rightly, trying to improve the fortunes of left-behind places. That is the ostensible motivation behind the creation…

3 min.
click to download teacher

“BOOKS WILL soon be obsolete in schools,” Thomas Edison announced in 1913: they would, he believed, soon be replaced by silent films. Each new wave of information technology—radio, television, computers—has led to similar predictions. And each time, the old technologies of books, classrooms and teachers have proved startlingly resilient. Like teachers, digital educational technology comes in many forms, from wonderful to appalling. But, used properly, it now deserves more prominence in schools—especially in poor countries where human teachers are often ignorant, absent or both. Truant teachers The UN’s Millennium Development Goals included the ambition that by 2015 all the world’s children would complete primary school. This has largely been achieved: nine out of ten children are now enrolled. Alas, the figure is not as impressive as it sounds. Even though most of the…