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Contents

1 Editorial 5 Contributors 6 Letters

Up front

8 HOW TO FIX T a x

The right way to get the rich to stump up 9 WHAT YOU NEED TO

KNOW ABOUT... QAnon

The conspiracy that leapt from the internet to the US Congress   plus In fact 10 IN PRAISE OF LOST CAUSES Open borders

We should demolish an inherently oppressive system   ­   plus Stephen Collins’s cartoon strip 11 AT LAW Lawyers and their consciences ­ … ­ † † 12 SPOTLIGHT ON Italy Technocratic saviours will only deepen the nation’s woes ‰Š ‰ † 13 SPEED DATA ...And thanks for all the fish

Have our fisheries gained anything from Brexit? ­ … ­ c 14 THE DUEL

Is the pandemic killing God? … ‰Š †

Cover story

Essays

PROSPECT

16 All the lurking existential questions over the future of our kingdom are about to burs kingdom are about to burst into the open the open

LIBERAL DEMOCRACY

25 J’Accuse…! How Emmanuel Macron betrayed the hopes of French liberals  ‰ Š

TOMORROW’S ECONOMY

30 RIP PLC The rise and fall of the listed company, and where—for better or worse— private equity will lead business next

BEYOND BORDERS

36 How is Brexit for you? Many British businesses are still waiting to see where they will land. Others have already lost their footing plus ’

40 We reap what we sow Industrial farming has fed the world. But as it destroys our ecology, it is delivering diminishing returns

ETERNAL VIGILANCE

46 Facts on the ground Israel is burying any hope for a negotiated peace by building roads through the West Bank

25

40

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