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Democrats face a calamity unless the party can distance itself from the new, new left: leader, page 9. Joe Biden’s
social­spending package is not grand enough to repair the American Dream: briefing, page 16. Democrats suffer a
rout at the polls, page 26. Virginia’s governor­elect: Lexington, page 32

How Xi uses history – He sees it justifying his rule for years to come, page 23

Green finance: behind the big numbers Why the net-zero pledges of financial firms won’t save the world: leader, page 12. If the planet loves forests, it should price their carbon, page 51. How cement may yet help slow global warming, page 67

Ethiopia gazes into the abyss – As rebels march on the capital, persecution accelerates: leader, page 13, and analysis, page 37

Why bosses love the office – Blame a mixture of carpets, caring and conditioning: Bartleby, page 58