News Snapshot:
This means that just as China emerges as an almost-superpower, it’s staring into a darkened future where it grows old and stagnant before it finishes growing rich. Meanwhile, variations on that shadow lie over most rich and many middle-income nations now — threatening general sclerosis, a loss of dynamism and innovation, and a zero-sum struggle between a swollen retired population and the overburdened young. (The week’s mass protests in France over Emmanuel Macron’s plan to raise the retirement age from 62 to 64 were a preview of this future.) So it’s worth thinking about some rules for the age of...
