[Bloomberg](
Todayâs Agenda
- Americaâs election infrastructure [needs an overhaul](.
- Britain will [miss its immigrants](.
- Chinaâs [national champions]( have it rough.
- Trumpâs [campus-correctness fight]( is misguided.
Pass HR1
Much like its crumbling bridges and tunnels, the infrastructure of Americaâs democracy needs urgent maintenance and repair.
Too many Americans find it too hard to vote, or think their vote doesnât count after years of headlines about cheating, foreign interference, partisan redistricting, the corrosive influence of big money and more. It just so happens thereâs a bill in Congress right now, HR 1, that addresses these issues. Bloombergâs editorial board supports its passage, while acknowledging it wonât become law any time soon, because Republicans in the Senate, the White House and the Supreme Court wonât support it. And itâs true Republicans have mostly benefited from some of these systemic flaws lately; but both parties will [suffer as confidence in democracy fades](, as the editors warn is happening now.
Francis Wilkinson breaks down just some of the many [particulars of this exhaustive bill](, which would make it easier for people to vote; reform the Federal Election Commission and lobbying; shield the voting system from hacking and make it easier to audit results; make partisan gerrymandering a thing of the past; and expose those who would try to buy elections. And thatâs just for starters. Itâs ambitious and, again, unlikely to become reality soon. But every election cycle that passes without such fixes makes the risk of a democratic bridge collapse more likely.Â
The Self-Harm of Brexit
One of the many ways Brexit is already hurting the U.K. economy is by chasing immigrants away, writes Therese Raphael. The sinking value of the pound, along with the hostility to foreigners that motivated Brexit, have central and eastern European migrants bailing out. Contra Britainâs immigrant-phobia, these foreigners take economic demand with them when they go, Therese writes,  [permanently damaging Britainâs growth potential](.
Of course, Brexitâs March 29 deadline looks fluid lately; thereâs talk it could be delayed for years. This would be a disaster for both the U.K. and the EU, warns Lionel Laurent. No amount of time will probably be enough for the U.K. to come to its senses, and the EU would be better off [ending the Brexit distraction quickly](, Lionel asserts.
Further Anglosphere in Bad Decline Reading: When England leaves the EU, it wonât take English with it; [the language will still be used by diplomats]( and around the world even as British and American influence wane. â Leonid BershidskyÂ
Pity Chinaâs National Champions
Being a Chinese ânational championâ might sound like an unbeatable deal: You get government backing and free rein in what will soon be the worldâs biggest economy. Itâs not so simple, though. Some of Chinaâs biggest companies, such as Alibaba, Tencent and WeChat, have been [made complacent by government coddling](, writes Adam Minter. That's led them to make sloppy decisions that opened the door for upstart competitors.
Take Huawei Technologies Co. Chinaâs national-champion telecom company is in hot water around the world, accused of spying, violating U.S. sanctions on Iran and other misdeeds. Like any other company would, it has responded with a PR campaign. But itâs going too far, Tim Culpan writes, with [clumsy efforts such as suing Canada]( and trying to shower journalists with expensive gifts. Â
Further Command-Economy Reading:
- As part of any trade deal, President Donald Trump should make China stop [forcing foreign companies into joint ventures]( to take their technology. â Noah Smith
- North Korea has quietly grown more capitalist as [Kim Jong Un has indulged a growing black market](. â Toby Harshaw
Campus Correctness
In the name of free speech, Trump has threatened to order withholding federal money from universities that discriminate against conservatives. But public schools are already subject to the First Amendment, notes Noah Feldman. And if Trumpâs order stood â which is unlikely â it would be [an assault on academic freedom](.
Havard students want to punish a law-school professor for representing Harvey Weinstein, notes Stephen L. Carter. As odious as Weinstein may be, [punishing his lawyer runs counter]( to everything our legal system is supposed to represent, Stephen writes.Â
Telltale Charts
Is the ride-hailing market truly huge, and will Lyft Inc. make money? Its IPO filing [isnât exactly reassuring on either point](, writes Shira Ovide.Â
Bill Gross is right: Itâs harder than ever for active [money managers to beat the market](, writes Brian Chappatta.
Further Reading
Benjamin Netanyahu could do well in upcoming elections, raising the chances heâll [cling to power by defying courts]( or using street protests and violence. â Zev ChafetsÂ
Russian generals have much to fear, but what they fear most is [a popular uprising](. And that should make the people nervous. â Leonid BershidskyÂ
Gary Cohn may not have directly interfered in the AT&T/Time Warner merger, but then he didnât have to; everybody knew [Trump wanted to stop it](. â Joe Nocera
CLOs may be a bit safer than subprime-mortgage CDOs, but there are [far too many parallels for comfort](. â Satyajit Das
Eli Lilly & Co. launching a [generic alternative to its pricey insulin Humalog]( is a big win for patients. â Max NisenÂ
Some in Big Oil mistakenly think its [perception problem is all in our heads](. â Liam DenningÂ
Even after buying Whole Foods, Amazon.com Inc. [still hasnât figured out the grocery business](. But that wonât stop it from throwing billions of dollars more at it. â Shira Ovide
The real threat to kids is [not the Momo Challenge but parents]( who shove them in front of screens too early and often. â  Leonid BershidskyÂ
ICYMI
House investigators launched a [swarm of document demands]( at Trump and his associates. Luke Perry [died of a stroke]( at 52. Square Inc.âs co-founder [Tristan OâTierney died]( at 35.
Kickers
A black man [took over a white-supremacist movement]( to shut it down.
Area man survives five days on [taco-sauce packets](. (h/t Scott Kominers for the first two kickers)Â
Every animal tested in the deepest part of the ocean had [plastic in its gut](.Â
Researchers use [algae to produce bioplastic](.Â
Note: Please send taco sauce and complaints to Mark Gongloff at mgongloff1@bloomberg.net.
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