© 2018 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.
The Economist
(ISSN 0013-0613) is published every week, except for a year-end double issue, by The Economist Newspaper Limited, 750 3rd Avenue, 5th Floor, New York, N Y10017.
The Economist
is a registered trademark of The Economist Newspaper Limited. Periodicals postage paid at New York,
NY
and additional mailing offices.
Postmaster
: Send address changes to The Economist, P.O. Box 46978, St. Louis , MO. 63146-6978, USA.
Canada Post publications mail (Canadian distribution) sales agreement no. 40012331. Return undeliverable Canadian addresses to The Economist, PO Box 7258 STN A, Toronto, ON M5W1X9. GST R123236267. Printed by Quad/Graphics, Saratoga Springs, NY12866
PEFC certified
This copy of
The Economist
is printed on paper sourced
from sustainably managed
forests certified to PEFC
www.pefc.orgPEFC/29-31-58
Principal commercial offices:
The Adelphi Building,1-11John Adam Street,
London
WC2N 6HT
Tel: +44 (0) 20 7830 7000
Rue de l’Athénée 32
1206 Geneva, Switzerland
Tel: +4122 566 2470750 3rd Avenue, 5th Floor, New York, NY10017
Tel: +1212 54105001301Cityplaza Four,
12 Taikoo Wan Road, Taikoo Shing, Hong Kong
Tel: +852 2585 3888
Other commercial offices:
Chicago, Dubai, Frankfurt, Los Angeles,
Paris, San Francisco and Singapore
6
Contents
The Economist
October 6th 2018
Subscription service
For our latest subscription offers, visit
Economist.com/offersFor subscription service, please contact by
telephone, fax, web or mail at the details
provided below:
Subscription for 1 year (51 issues)
United States
US $158.25 (plus tax)
Canada
CA $158.25 (plus tax)
Latin America
US $289 (plus tax)
North America
The Economist Subscription Center
P.O. Box 46978, St. Louis, MO 63146-6978
Telephone:
+1 800 456 6086
Facsimile:
+1 866 856 8075
E-mail:
customerhelp@economist.comLatin America & Mexico
The Economist Subscription Center
P.O. Box 46979, St. Louis, MO 63146-6979
Telephone:
+1 636 449 5702
Facsimile:
+1 636 449 5703
E-mail:
customerhelp@economist.comIndonesia
The danger has
not yet passed for victims of
the earthquake and tsunami,
page 35
The gig economy
How
governments should deal with
the rise of short-termwork:
leader, page14. The worries
about gig-economy workers
are mostly overblown, page 64.
Amazon raises the minimum
wage in America and Britain,
page 24
GE
John Flannery could not
reverse the mistakes of former
chiefs rapidly enough. Will
Larry Culp do better? Page 57
Bullying
Two articles look at
school bullying—first in its
age-old, physical variety and
then its digital form, page 55
Britain
52 The Conservative Party
Succession battle
53 Wembley stadium
An own-goal?
54 Bagehot
Brexit’s true believers
International
55 School bullying
The unhappiest days
of their lives
56 Cyber-bullying
Clicks and stones
Business
57 General Electric
Blame game
58 Bartleby
Keep calm and go home
59 Generation gap
Millennial longing
59 Thyssenkrupp
This end, cropped
60 Chinese trademarks
Pigs to market
61 Tesla
One hand off the wheel
61 Facebook’s woes
GrrrDPR
62 Shipping sets sail
Shiver me timbers
Finance and economics
64 The gig economy
Serfs up
66 Buttonwood
Keeping it real
67 Indian non-bank finance
Lurking in the shadows
67 Australian banks
The charge sheet
68 The IMF
Go, Gita Gopinath
68 Economics research
Tyranny of the few
69 Pensions in Portugal
One foot in the Algarve
70 Free exchange
Companies and political
influence
Science and technology
71 The Nobel prizes
Trophy hunting
73 Marine biology
Invisibility cloaks
73 Astronomy
New moon
74 Hoax science
Get real!
Books and arts
75 Anne Frank’s diary
Dear Kitty
76 Churchill
The lion’s roar
77 New Orleans
Big Easy reading
78 Johnson
Bubble and squeak
80
Economic and financial
indicators
Statistics on 42 economies,
plus our monthly poll of
forecasters
Obituary
82 Alan Abel
One born every minute