This year’s G-7 summit made it clear the group views China and Russia as threats to the international order and offered insights into how the Western powers plan to counter them. It seems the G-7 approach has three facets: ignore Russian intimidation, economically decouple from China and court nations throughout the Global South.
Across developed countries, aging populations and slowing economic growth are rendering today’s retirement institutions unsustainable. As a result, working longer as societies age is both natural and necessary, meaning that what future generations may look back on as the “golden age” of retirement is now coming to an end.
Bank failures are back in the news, after three of the United States’ 30 largest banks collapsed in the past three months. These bank failures and the policy responses to date have taught us several important lessons about why such crises keep happening in the U.S. and how policymakers can act to break this self-destructive cycle.
