| Since leaving the EU, Britain has become rather more continental in its political chaos, writes Janan Ganesh. The old notion that the UK’s Euroscepticism might have something to do with the fact that it was so well-run it had less to gain from contracting out its administration no longer makes sense. With five political parties polling in double digits it is approaching Dutch levels of political fragmentation. This political convergence with Europe might have been hard to see coming. But the economic convergence points to one explanation. Youth unemployment in Britain now exceeds that of the Eurozone and attempts to curb public spending in any area draw the sort of protests that France knows well. The real surprise, he writes, is that anyone should be surprised. Robert Armstrong takes a look at the impending SpaceX IPO and the benefit (or not) of CEO Elon Musk’s controlling stake. A founder-entrenching shareholder structure can do a lot of harm, he says. Consider Meta’s Mark Zuckerberg discount — on p/e ratios — to most of its Big Tech peer group. Karen Kornbluh, former director of the US AI office under President Joe Biden, explains why lack of AI governance poses a threat to democracy. US courts are struggling to apply existing law, she says. The risks of getting this wrong are serious and cannot be left up to the fastest-moving companies. And from Japan, Leo Lewis offers his view on why Japan’s enthusiastic Shōwa Era 100th Anniversary Ceremony fell flat. Consciously forgetful and turgidly trivial was the public’s view. Leo agreed. The event may have been lavish but it also showed just how much the country still struggles to reconcile with the uglier parts of its past. Fostering agency urges families to adopt the spirit of the Blitz – Letter from Brenda Farrell, Director of Fostering and Adoption, Barnardo’s, London IG6, UK, in response to a report Your feature on how England’s vulnerable children have become a gold mine for investors notes, among other reasons for this trend, that fewer people than ever are coming forward to foster (“Concern rises over children’s homes ‘gold rush’”, Report, May 23). Watching this happen is both shocking and worrying. Those children rely on families willing to foster. | 
