Edward Hadas is a former economics editor at Reuters Breakingviews and also worked at the Financial Times as assistant editor of the Lex column. Before becoming a journalist, he worked for 23 years as an equity analyst in Europe and the United States. He has written a book, "Human Good, Economic Evils: A Moral Approach to the Dismal Science" (ISI Books, 2007), and is a visiting senior fellow in the School of Management and Social Sciences at St. Mary's University, London. Edward has degrees from Columbia University, Wadham College, Oxford and the State University of New York at Binghamton.
Xi Jinping wants both tight government control and a modern economy. That combination has never worked, for good reasons. China’s leader could learn from the U.S. aerospace giant’s mess. A politically uncomfortable free press can be an economically helpful check on corruption.
The flow of visitors from the Middle Kingdom to Italy has jumped. That is the reward for becoming the People’s Republic’s new best European friend. The Communist party uses its $315 bln outbound tourism market to exercise soft power, helping friends and punishing foes.
A new study shows top company bosses made 278 times an average employee’s pay in 2018 – a quarter less than the 2000 peak. At this rate, it will only take another 50 or so years to get back to the 30 times ratio of 1978. There might be an anti-elite revolution before then.