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Illustration: Sarah Grillo/Axios

The Economist is by a large margin the most valuable magazine on the planet, still going strong in the digital age, with a 50% non-controlling stake changing hands in 2015 for £469 million ($731 million) in cash. (In comparison, Marc and Lynne Benioff spent $190 million for 100% of Time in 2018.)

The intrigue: The Economist's allure is based in liberalism, but it's not easy to understand how that is defined.

The big picture: Every so often, a talented essayist attempts to identify the source of The Economist's appeal, and invariably finds that its actual quality falls far short of its reputation.

Both pieces are good, but neither aspires to being a comprehensive historical survey, going back to The Economist's founding in 1843.

  • Now, that survey has finally arrived, in the form of "Liberalism at Large: The World According to The Economist," a new book by Alexander Zevin.

Required reading: Pankaj Mishra's magisterial review-essay of Zevin's book has appeared in the New Yorker, and it is likely to change the way you view not only The Economist, but the entire edifice of liberalism.

  • When all 175 years of the magazine's history are viewed as a whole, the reek of colonial hypocrisy becomes impossible to ignore.

Go deeper: Radio's decline is podcasting's gain

Go deeper

White House unveils landmark reports on climate links to security, migration

Photo Illustration: Shoshana Gordon/Axios. Photo: John Moore/Getty Images

The Biden administration on Thursday released a sweeping set of assessments on how to view threats that climate change poses to national security and its role in fueling migration.

Why it matters: One of the key products, a formal National Intelligence Estimate on climate change, marks the first time all 18 elements of the U.S. intelligence community have released a consensus report on the topic.

Scoop: Garland defends DOJ's handling of Jan. 6 probe

Attorney General Merrick Garland. Photo: Kevin Dietsch/Getty Images

Attorney General Merrick Garland will tell the House Judiciary Committee on Thursday that federal prosecutors "are doing exactly what they are expected to do" in seeking accountability for the "intolerable assault" on the Capitol on Jan. 6, Axios has learned.

Why it matters: Allies of former President Trump, including Republican congressmen, have criticized the department's treatment rioters charged with crimes, and sought to recast the insurrection as a righteous protest. Garland's testimony with be his first appearance before the panel.

Updated 57 mins ago - World

Police charge man with murder of British MP David Amess

Police outside Belfairs Methodist Church in Leigh-on-Sea, England, on Oct. 15. Photo: John Keeble/Getty Images

Police said Thursday that Ali Harbi Ali, a 25-year-old British man, has been charged with the murder of David Amess, a Conservative Party lawmaker in the U.K.

The big picture: Last week, the Metropolitan Police declared the fatal stabbing a terrorist incident, saying that they had found "a potential motivation linked to Islamist extremism."