TheEconomist

Reflections on Armistice Day

Gene drives: don't ban, don't rush

Bangladesh's grotesque politics

Tencent at 20

NOVEMBER 10TH-16TH 2018

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Albania All900 Croatia HRK48 France (7.50 Ireland €7.50 latvia 0.50 Netherlands €7.50 Romania RON29 Spain (7.50Austria (7.50 Cyprus (7.50 Germany (7.50 Israel NIS43.00 lebanon lft3,OOO Nigeria Nairal,700 SaudiArabia .. RialsSO Sweden SKR66Bahrain Dinar4.S0 Czech Rep CZK199 Gibraltar GIPS.99 Italy " €7.50 Lithuania 0.50 Norway NKr66 Serb!a RSD720 Switzerland CHF10Belgium €7.50 Denmark DKr53 Greece (7.50 Kazakhstan ..KZT2,800 luxembourg 0.50 Poland PlN29 Slovakia 0.50 Turkey Tl18Bosnia BAM16 Estonia €7.50 Hungary HUF2, 170 Kenya KShs680 Malta 0.50 Portugal CONT .. €7.50 Siovenia €7.50 UAE Dirhams45Bulgaria BGN13 Finland €l.50 Iceland IKr860 Kuwait.. Dinar3.60 Montenegro 0.50 Qatar Rials45 SouthAfrica RlO.OO UK f5.99

Contents The Economist November ioth 2018

Onthecover

Divided government for adivided country: leader, page 9.Democrats end unifiedRepublicangovernment andwill provide a check on thepresident, page 37. AsDemocrats improve in thesuburbs, they grow evenweaker in rural states, page 38

• Reflections on Armistice DayNo continent, even one as old asEurope, can truly master itshistory: Charlemagne, poge 29.Partially democratic countriesfight in wars most often: Graphicdetail, poge 85

• Gene drives: Don't ban, don'trush Research into gene drivesshould continue. But the worriesthey raise must be addressed:leader, poge 12. The promise andperii of a new genetic-engineering technology, poge 20

• Bangladesh's grotesquepolitics A poster-child fordevelopment is disfigured by itspolitics: leader, poge 10. Theruling party appears to be easingup ahead of an impendingelection, poge 51

• Tencent at 20 A Chineseinternet titan shakes things upafter a singularly bruising year,poge 61.The rush to extractmoney from video-game playersrisks a regulatory backlash:leader, poge 14

Europe23 NATO revs up24 French labour-market

reform26 Germany's next leader?26 Greece's licensed

anarchists28 Rostov-on-Don29 Charlemagne Reflections

on the Armistice

Britain30 Universities' iffy finances31 Did Leave cheat?32 Bagehot Peterloo v

Waterloo

Middle East & Africa33 Africa's urban opposition34 Repression in Tanzania35 Elections in Madagascar35 Chinese medicine in

Africa35 Libya's peace process36 Films aboutjihadists

United States37 The House turns

Democratic38 The Senate39 Ballot initiatives44 Governors' races44 Sessions sacked45 Organising elections46 Lexington Immigration

and the Democrats

The Americas47 The Latinobar6metro

survey48 The tequilisation of

mezcal50 Bello judges turn

political

3

The world this week6 A round-up of political

and business news

Leaders9 America after the

mid-termsWhere next?

10 European defenceEU and whose army?

10 BangladeshElectoral troll

12 Gene drivesOn the extinction ofspecies

14 Video gamesThe price of free

Letters18 On gender identity, New

Zealand, California,Brexit, "In Our Time"

Briefing20 Gene drives

Extinction on demand

oSchumpeter The world'ssecond -most -populouscountry has been flirtingwith a Lehman moment,page 66

~~Contents continues overleaf

4 Contents The Economist November ioth 2018

Asia51 Election season in

Bangladesh52 Banyan Pakistan's

indecisive authorities53 Robotsin]apan53 China and New Zealand54 Forcedlabourin

Uzbekistan55 Ageing Vietnam

China56 Mapping Xi Thought57 Language in Macau58 Chaguan]apan's soft

power in China

International59 Pepe Francis on the ropes

Business61 Tencent's annus horribilis62 Amazon's headquarters63 Booming billboards63 The rise of biosimilars64 European firms and Iran65 The growth of

microbrands66 Schumpeter India's

shadow-banking crisis

-Volume 429 Number 91fI

Published since September 1843to take part in "'osevere con test betweenintelligence, which presses Iorwotd,ond an unworthy. timid ignoranceobstructing our progress.'"

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Finance &economiCs67 American farmers' woes68 Buttonwood Housing in

global cities69 Hester Peirce at the SEC70 lMDB and Goldman

Sachs70 Naughty banks and IPOs71 Non-wage compensation71 Topping the diaspora72 Free exchange The

Italian budget showdown

Science &technology75 Deep-sea mining76 Reopening flooded mines77 Spiders and streetlights78 How to join art's elite

Books& arts79 A critique of atheism80 The new genetic

revolution81 A novel of American

turmoil81 Chopin's life and times82 The puppet-mistress of

Mali

Economie &financial indicators84 Statistics on 42 economies

Graphic detail85 Partially democratic countries fight in wars most often

Obituary86 Whitey Bulger, South Boston's mobster-in-chief

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