AUGUST / SEPTEMBER 2012

Contents

Turn risk to advantage

Cover story

Drugs Policy The -year war against drugs has failed and

We do.

a new approach is needed Claire Yorke and Benoît Gomis Legalization could make things worse Bill Hughes Time to separate drugs policy from crime Danny Kushlick Is treating the symptoms the way forward? Ian Perrin and David L Heymann Cannabis may be legal in the US in a decade Mark Kleiman Organized criminals won’t fade awayVanda Felbab-Brown Interview: President Juan Manuel Santos of Colombia says the drug-consuming nations must now share the burden

At KPMG Risk Consulting we help clients to turn risk to advantage. Our holistic view of risk extends from the boardroom into each part of the business to give our clients visibility

Features

Paola Subacchi European leadership is limp,

and a joined-up approach to operational, compliance, financial, technology and of course reputational but Merkel on steroids is not the answer Mark Galeotti We’re too tolerant of corruption at home …… Economy No need for a witch hunt over executive pay risks across the organisation.

DeAnne Julius … UK The risks for British schools in relying on rich foreign pupils Anthony Seldon Why China loves Eton Kerry Brown A breakdown of British Euroscepticism Thomas Raines … Middle East Assad’s fate is in the hands of the Alawites kpmg.co.uk/turningrisktoadvantage

David Butter The Syrian woman who would not be silenced Alan Philps Morsi’s plan to keep the Egyptian army sweet David Hearst … Sahel The sad decline of Mali Paul Melly Africa Nigeria and South Africa: rivalries, rows and reconciliations Adekeye Adebajo Nigeria’s future: Big, but is it bright? Elizabeth Donnelly Afghanistan There is life after Nato Gareth Price

Kabul: From mud-brick to mirror-glass Jolyon Leslie

Regulars

Letters on Green energy, Latvia and British war-obsession Notebook by Christopher Meyer Postcard from Isoke, South Sudan Jargonbuster gets to grips with ‘traction’ Books How football continues to influence Spanish and Italian politics David Winner Russian novelists in thrall to Tolstoy’s legacy Phoebe Taplin John F Jungclaussen’s reading list: Germany A date with history Aftershocks from Germany’s ¤¥¥

re-unification Cover by Joe McLaren

From the Editor

‘It’s all aircraft carriers, none of it moves on a dime’. So spoke a White House official, lamenting the painfully slow pace of change in drugs policy. In the decades since Richard Nixon declared a ‘war on drugs’, a few battles have been won but most of the indicators point to defeat.

Now a consensus is growing in favour of a radical re-think. President Juan Manuel Santos of Colombia tells us that the burden of fighting the drugs trade has fallen too heavily on producer countries, like his own, or transit countries, such as Mexico. It is time for the consuming nations to get their houses in order.

In our cover story, Claire Yorke and Benoît Gomis argue that the guiding principle for policy-makers has to be a rigorous assessment of the balance of harm: does law enforcement cause more damage than the drugs themselves? Professor Mark Kleiman, one of the America’s most experienced drug policy analysts, predicts on page ¤² that cannabis will be legal in the US within ¤ years.

Over the page Sir Christopher Meyer, former British ambassador in Washington, writes about the world’s super cities and the global elite who flit from one to the other. Increasingly they want to send their children to British boarding schools which now cost £´, a year.

Anthony Seldon, Master of Wellington College, sounds a warning (page ¶·) that these schools will lose their moral purpose if they cater only to the global super-rich. By way of contrast, our Postcard (page ´²) comes from St Augustine’s school in Isoke, South Sudan, where the fees are £´ a term, and the history teacher has to write out her textbooks by hand, and largely from memory. Alan Philps

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