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Pee eee eee“The Economist August 30th 2025
Contents
Onthe cover
With the tra ofthe former
president, Jai Bolsonaro, Bral is
Setting an example to ather
democracies, including the United
States: leader, page 7, and
briefing, page 1g. Ana Lankes
uncovers the hidden story ofa
scheme to take down democracy:
1843, page 49
‘The Federal Reverse What to
‘make of Donald Trumps attack on
the central bank leader, page 9,
and analysis, page 61 Research
points to lower long-run interest
rates—so long as the Fed is left
alone: Free exchange, page 67
Can China keep innovating?
Xi dinpingsindustil policy is
attracting fans abroad. But dont
forget the downsides: leade
‘page 10. China has become an
innovation powerhouse sits
‘model sustainable? Page 55
‘After tariffs: India's next move
Donald Trump has triggered 2
trade and defence crisis: how
should Narendra Modi respond?
Leader, page 8 India is rethinking
its placein the world, page 25. Will
the scrap with America accelerate
Indias reform? Page 28. Me
Mod's answer to American tariffs
isthe Indian consumer: Banyan,
page 30
Office life: feuds, grudges and
revenge Welcome to the dark
side ofthe workplace: Bartleby,
age 50
> Download The Economist's
app for articles, podcasts,
videos and more, published
throughout the week.
The world this week
5 Asummary of political
and business news
Leaders
7 Brazilian democracy
Lesson for America
8 India's next move
Superpower test
9 America’s central bank
The Federal Reverse
9 Struggling Europe
Fragile France
10 Technology in China
Innovation vinvolution
Letters
11 On South Africa, Israel
and Gaza, net-zer0
emissions, playback
speeds, “Moby-Dick”
By Invitation
12 Christian Klein on digical
sovereignty
United States
17 College sports go pro
438 Intelligence purges
39 Mamdani’s plans
20 Coming to America
21 Democrats’ Texan hope
22 Lexington New York
at 4oo
The Americas
23 Aus flexin the
Caribbean
24 “Porky” leads polls in Peru
Asia args
25 Modi v Trump A =
28 Reforms in India
29 Fantasy sports
Briefing
43 Brazil
Avway out from
polarisation
Well informed The
evidence backing saunas
is promising but
incomplete, page 71
China
31 The big parade
32 Banned from leaving
33 Purging diplomats
Middle East & Africa
34 Wagner in Mali
85 Corpse politics
36 Netanyahu’ strategy
36 Egypt's unsatisfying,
efforts in Gaza
37 Charting abuse in Syria
Europe
38 France and Germany
39 Ukraine's new missile
40 Dutch political chaos
41 Poland looks north
42 Charlemagne Merkel and
migration
»» Contents continues overleaf4 ‘The Economist August 30th 2025
Contents
Britain
43 Stretched spooks
44 Hansard and history
45 Bagehot Why Brexit
happened.
Finance & economics
(61 Trump v the Fed
62 The case against Cook
63 Buttonwood Buy your
employer's shares’
64, Deficits and populism
65 Prediction markets
(66 Chinese stocks
67 Free exchange Jackson
Hole research
International
46 War on woke AL
48 The Telegram Putin's
“peacemaking” Science & technology
68 Ahunt for neutrinos
70 The despairing youth
70 Beer made by At
oles 71 Well informed Saunas
49 The inside story of
Bolsonara's coup
Culture
‘72 The allure of cosy crime
73 Gladiators lives
74 Asingular family memoir
Business 75 An adventurous author
75 Sabrina Carpenter
76 World in adish Mahua
55 Chinas ideas factory
56 Trump’ gift ro Detroit
57 Posh pit stops
58 Orstedsill winds
8 Secondary markets
59 Bartleby Workplace feuds
60 Schumpeter Nvidia's
power troubles
Economic & financial indicators
7 Statistics on 42 economies