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op_ghilarducci1_Jeffrey GreenbergUniversal Images Group via Getty Images_USelderlyworker Jeffrey Greenberg/Universal Images Group via Getty Images

The Perils of Retirement in America

Teresa Ghilarducci

The US retirement system is failing American workers. But after decades of pushing fake fixes – especially forcing people to work longer – US policymakers have an opportunity to make real progress in bolstering Americans' economic security in old age.

proposes a Grey New Deal that would boost economic security for all US workers in old age.
  1. GettyImages-2149550584 Photo by MARK PETERSON/POOL/AFP via Getty Images

    Trump on Trial

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    Nancy Isenberg, Eric Posner, Reed Galen, Richard K. Sherwin, William L. Silber

    From a long list of criminal indictments to unfavorable voter demographics, there is plenty standing between presumptive GOP nominee Donald Trump and a second term in the White House. But a Trump victory in the November election remains a distinct possibility – and a cause for serious economic concern.

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    An Iran-Israel War?

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    Daoud Kuttab , Gareth Evans , Dennis Ross , Joschka Fischer

    Iran’s mass ballistic missile and drone attack on Israel last week raised anew the specter of a widening Middle East war that draws in Iran and its proxies, as well as Western countries like the United States. The urgent need to defuse tensions – starting by ending Israel’s war in Gaza and pursuing a lasting political solution to the Israeli-Palestinian conflict – is obvious, but can it be done?

  3. op_roach3_ Kevin FrayerGetty Images_china lagging consumption Kevin Frayer/Getty Images

    China’s Rebalancing Imperative

    Stephen S. Roach explains why the Chinese authorities should switch to a consumption- and productivity-led growth model.
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    Minxin Pei on China’s economy, surveillance state, repression of dissent, and more

    Minxin Pei doubts China’s government is willing to do what is needed to restore growth, describes the low-tech approaches taken by the country’s vast security apparatus, considers the Chinese social-credit system’s repressive potential, and more.
  6. bp china economy1 CFOTO/Future Publishing via Getty Images

    Can China Get Out of Its Rut?

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    Yang Yao , Yu Yongding , Nouriel Roubini , Yi Fuxian , Stephen S. Roach , Nancy Qian

    China’s authorities have powerful economic-policy levers at their disposal to achieve their 5% growth target this year and put the economy on a more sustainable long-term growth path. But several trends – from the shift toward state capitalism to population aging to the loss of goodwill between Chinese and Americans – could thwart China’s ambition to join the ranks of high-income countries by mid-century.

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    Governments Must Shape AI’s Future

    Mariana Mazzucato & Fausto Gernone urge policymakers to see themselves as proactive participants in technological innovation and market-making.
  8. op_janeway15_AMY OSBORNEAFP via Getty Images_googlecampus Amy Osborne/AFP via Getty Images

    Is Techno-Monopoly Inevitable?

    William H. Janeway assesses a new theory of “technological market power” and its effects on the modern economy.
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    Joseph S. Nye, Jr., on nuclear risk, American hubris, great-power competition, and more

    Joseph S. Nye, Jr. calls for restoring the credibility of the US nuclear umbrella, highlights the role of nongovernmental agencies in international relations, worries that the US will play its cards poorly vis-à-vis China, and more.
  10. op_tasca1_Long WeiVCG via Getty Images_e-cny Long Wei/VCG via Getty Images

    The Struggle for Currency Supremacy

    Paolo Tasca expects that digital assets will accelerate efforts to create alternatives to the US dollar.
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    The Immigration Tinderbox

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    Alison L. LaCroix , Nancy Qian , Anne O. Krueger , Soňa Muzikárová , Federico Fubini

    In the United States and Europe, immigration tends to divide people into opposing camps: those who claim that newcomers undermine economic opportunity and security for locals, and those who argue that welcoming migrants and refugees is a moral and economic imperative. How should one make sense of a debate that is often based on motivated reasoning, with emotion and underlying biases affecting the selection and interpretation of evidence?

  12. op_elerian1_ Debarchan ChatterjeeNurPhoto via Getty Images_indiapopulation Debarchan Chatterjee/NurPhoto via Getty Images

    The Indian Giant Has Arrived

    Mohamed A. El-Erian & Michael Spence consider the risks and challenges associated with the country's rapidly expanding global footprint.
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    Angela Huyue Zhang on Chinese innovation, regulation, AI, and more

    Angela Huyue Zhang warns that China’s lax approach to regulating artificial intelligence could lead to a crisis, highlights the impact of the market’s deep-seated mistrust of the Chinese legal system, considers how Western regulatory trends influence China, and more.
  14. op_mkurz3_Spencer PlattGetty Images_rustbelt Spencer Platt/Getty Images

    How Capitalism Became a Threat to Democracy

    Mordecai Kurz examines the economic policies and market dynamics that have ushered in America's Second Gilded Age.

“It is better to ask forgiveness than permission” has been the mantra of the digital revolution so far, and one should not expect that to change with artificial intelligence. For those already in a position to dominate this potentially groundbreaking sector, the opportunities are too enticing to miss.

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