The Economist-经济学人2024.07.20期下载电子版PDF网盘|美国英国版

IN MOST OF the world this week we look at where Donald Trump and J.D. Vance would take America. After surviving an assassination attempt, Mr Trump has picked his running-mate. In 2016 he picked a social conservative, to placate pro-life voters. So confident is he of victory today that this time he has tapped an articulate anti-globalist, anti-big business, anti-immigration, pro-worker, MAGA enthusiast who has little experience and does nothing to broaden Mr Trump’s electoral appeal. MAGA politics, which started as an erratic vehicle for one man’s ambition, now looks much more likely to become a programme for government that will endure beyond 2028.

In Asia we look at how euphoric markets are ignoring growing political risks. The past year has brought war to the Middle East, escalation of the trade conflict between the West and China and, on July 13th, an attempt to kill the frontrunner in America’s presidential race. But if you look at financial markets, you’d think nothing was amiss. No amount of blood or political rancour, it seems, can distract Wall Street from the good economic news: that fears of recessions have so far proved wrong, and that inflation has nonetheless tumbled. However, investors’ exuberance in the face of political ructions is unlikely to pay off.