A bad night for Barack Obama--from the Economist's Ed in Chief

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Dear Biodun,

The destruction of the Iron Curtain on November 9th 1989 is still the most remarkable political event of most people's lifetimes: it set free millions of individuals and it brought to an end a global conflict that threatened nuclear annihilation. Yet the past two decades have seen economic freedom advance further than political freedom. Talk 20 years ago of a peaceful new world order has disappeared. New divisions have emerged out of nationalism, religion or just fear of the other, and much of the world still conspicuously rejects democracy. By contrast, globalisation, that awkward term that covers the freer movement of goods, capital, people and ideas around the globe, has become the governing principle of commerce. Our cover leader argues that neither of these liberties should be taken for granted—and that businesspeople should be especially worried by the political vulnerabilities of capitalism.
Here are some other pieces from this week's issue you might also be interested in. You can click straight through to each one and read it at The Economist online using the links below.

John Micklethwait
Editor in Chief


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THIS WEEK'S HIGHLIGHTS:

A bad night for Barack Obama
The "mini mid-terms" show the weaknesses of vagueness as a political strategy

Could Afghanistan get worse?
After the disaster of his "election", Hamid KarzaiHamid Karzai must reform quickly if he is to save his country and himself

Cameron's European climbdown
The Tory wisely gives in over Lisbon; but his troubles are not over

Religion and climate change
A unity among believers that you never see in politics

Farming by satellite
Agriculture goes high tech





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