Scam Inc | Feb 8th 2025 | The Economist (original) (raw)

Feb 8th 2025


The world this week


Leaders

International crime

The vast and sophisticated global enterprise that is Scam Inc

Online fraud leaves nobody safe

U.S. President Donald Trump speaks to reporters about the collision of an American Airlines flight with a military Black Hawk helicopter near Ronald Reagan National Airport, in the Brady Press Briefing Room at the White House.

American business and politics

The meaning of Donald Trump’s war on woke workers

A worthwhile idea is straying into cruelty and, possibly, illegality

Destroyed buildings stand on the Gaza coast, June 25th 2024

MAGA in Gaza

America’s scheme for Gaza contains much to regret

As well as some hard truths

This illustration shows a large green military truck with multiple wheels. It has a red shipping container mounted on its back, raised at an angle by hydraulic arms. The background is plain yellow.

The end of the beginning

It’s not over: Donald Trump could still blow up global trade

Ideology, complacent markets and a need for revenue may still lead to big tariffs

This illustration shows Cambridge and Oxford universities. They are surrounded by a curved, black-and-white striped path. The background is bright red with black and white speckles.

Going up

How Labour can unshackle Britain’s most innovative region

It will have to confront the charge of elitism


Letters

On airport slots, oligarchies, Africa, rock climbing, dishonest societies, corporate hierarchies

Letters to the editor


By Invitation

Canada in Donald Trump’s tariff sights

Donald Trump poses a grave threat to others’ sovereignty and freedom, says Chrystia Freeland


Briefing

An illustration shows scammers at their desks, linked by glowing wires resembling a computer hard drive. The wires connect to microchips stamped with global currency symbols, symbolizing the vast, intricate network of digital fraud.

Scam Inc

Online scams may already be as big a scourge as illegal drugs

And they are growing fast


United States

Elon Musk arrives in the Rotunda of the US Capitol in Washington DC before the presidential inauguration at

The Twitter playbook

Elon Musk is shredding America’s government as he did Twitter

Hard reboot

Florida comes to Washington, DC

Confirmation bias

RFK junior and Tulsi Gabbard, set to sail through a cowed Senate

Crisis management

New York City commits to involuntary commitment

A rocky start

The clean-up after the LA fires is already revealing tensions

Lexington

Donald Trump is turning payback into policy


The Americas

President Claudia Sheinbaum of Mexico

Round one

How Mexico and Canada handled Trump’s tariff threat

A chink of light

The Trump tariff saga offers Canada’s Liberals a lifeline

A record of violence

Ecuador chooses a leader amid murder, blackouts and stagnation


Asia

People welcome China's space-tracking ship Yuanwang-5 at Sri Lanka's Hambantota International Port in Sri Lanka

Subcontinental drift

Why India isn’t winning the contest with China

Big cats, big lessons

India’s attempt to save the tiger has been a remarkable success

A belated reckoning

Japan could finally face its own #MeToo crisis

Durand under duress

Pakistan is furious with the Afghan Taliban

Banyan

Donald Trump and Japan’s Ishiba Shigeru make for an odd couple

Tai, spy

China is infiltrating Taiwan’s armed forces


China

Illustration of A long conveyor belt. Big products, barrels, shipping palettes, pass through a Chinese gate. They turn to smaller parcels on the way and pass a Mexican gate and in the end get piled up behind a US gate.

Fentanyl and free trade

Donald Trump’s new trade war with China is also an opioid war

Shutdown

Cuts in American aid are crippling groups promoting rights in China


Middle East & Africa

A Palestinian flag flies above detroyed buildings in the Magrafe neighbourhood of Gaza

From MAGA to Gaza

Donald Trump’s eye-popping plan to make Gaza American

From rebel to ruler

Warlord, jihadi or nation-builder?

Of Mecca and Mammon

Why Islamists in the Arab world speak the language of free markets

The long au revoir

France’s bitter retreat from west Africa

An interview with a Congolese rebel

A leader of Congo’s rebels vows to fight on


Europe

A collage showing Putin, Trump, Merz and Scholz with tanks and the European flag, on the colours of the german flag.

Only halfway there

Germany’s election campaign is creating a security risk

The transparent battlefield

The added dangers of fighting in Ukraine when everything is visible

Protest and repression

Can Georgia’s shadowy despot survive?

Per Erdogan ad astra

Turkey is building a spaceport in Somalia

Charlemagne

Can Europe afford to be the world’s last free-trader?


Britain

Illustration of a molecular diagram representing a connection being made between Oxford and Cambridge, at the bottom left there's an image of the Radcliffe Camera in Oxford and at the top right is the King's College chapel in Cambridge

Build the Arc

Oxford and Cambridge are too small

Expanding cities

Milton Keynes shows the rest of Britain how to grow

Plan it and the builders will come

Worries about Britain’s construction crunch are overdone

Causing concern

Britain’s plan to shake up school inspections pleases no one

Equal pay

British “equal value” lawsuits have become an absurd denial of markets

Rhetoric and reality

Speeches in Britain’s Parliament are getting shorter—and worse

Bagehot

Must Leeds always lose?


International

An illustration showing a wireframe globe vertically divided in two halves by a red chain. On the left side are clouds and on the right are red cargo ships with the stars of the china flag on the stern.

Trade trouble

Xi Jinping swings his “assassin’s mace” of economic warfare

The Telegram

Allies will not appease Donald Trump for ever


Business

Overlapping  shadows of Donald Trump, a man and a women

Whiplash

Corporate America’s diversity wars are just getting started

Splashing the cache

The data-centre investment spree shows no signs of stopping

Next level

Can Nintendo’s new console propel it to even greater heights?

Parcel out

Shein and Temu are in Donald Trump’s cross-hairs

Bartleby

An encounter with the reception desk

Schumpeter

Donald Trump loves big oil. Does big oil love him back?


Finance & economics

President Donald J Trump signs executive orders in the Oval Office of the White House

Worse to come

Why Donald Trump’s protectionist zeal has only grown

Mercantilist menace

Tariff uncertainty can be as ruinous as tariffs themselves

All good things

When will remote workers see their pay cut?

Onwards and sideways

Europe has no escape from stagnation

Seventh heaven

Narendra Modi is struggling to boost Indian growth

Buttonwood

How to invest like a MAGA bigwig

Free exchange

Don’t propose with a diamond


Science & technology

A member of a drone operations team, keeps a careful eye out for enemy drones

Fighting flight

Fighting the war in Ukraine on the electromagnetic spectrum

Make some noise

Fine-tuned acoustic waves can knock drones out of the sky

Crypto crime-hunters

Cryptocurrencies are spawning a new generation of private eyes

Well informed

Are ice baths good for you?


Culture

An illustration of pink praying hands holding a phone and a rosary with a tiktok logo.

What the flock?

How TikTok became a religious pulpit

Puffed out

It’s spellbinding! Riveting! A triumphant tour de force!

Hammered

Why auction houses are turning to private sales

Brain fog

Have doctors been wrong about how to treat Alzheimer’s disease?

Back Story

Performing in a cinema near you: Bob Dylan and Maria Callas

Let’s Thai the knot

Fans are going crazy for Thai television shows and music


Economic & financial indicators

Indicators

Economic data, commodities and markets


Obituary

Marianne Faithfull

“Virgin on a Pedestal”

Marianne Faithfull battled labels all her life