Paying for the Welfare State Without Raising Taxes

The current value of the US government’s unfunded pension and Medicare liabilities is $46.7 trillion, or roughly two and a half times US GDP....

Tackling Inequality is a Political Choice

The world has made impressive strides in reducing extreme poverty, but that progress has slowed considerably in recent years. The problem is clear: eliminating...

Right Investments to Address the Human Capital Crisis

For 75 years, the World Bank has been at the forefront of development, helping countries make smart investments to prepare their citizens for the...

New Frontiers for Waste Management

The world is mired in a serious, if underreported, crisis. Every year, humans generate about two billion tons of household waste, and much more...

Inequality of Nations

The eighteenth-century British economist Adam Smith has long been revered as the founder of modern economics, a thinker who, in his great works The...

Turning Brexit Into a Celebration of Democracy

Discontent without end looms over Britain. Leavers and Remainers are equally despondent. Her Majesty’s Government and the Labour opposition are equally divided. The United...

Regulating the Internet

The only topic uniting right and left in the United States these days is ‘techlash’: everyone seems to agree that the time has come...

Remembering the Miracle of 1989

This month marks 30 years since Europe – and human civilization generally – began to undergo a miraculous transformation that is now etched in...

American Soft Power in the Age of Trump

US President Donald Trump’s administration has shown little interest in public diplomacy. And yet public diplomacy — a government’s efforts to communicate directly with...

The Great Crypto Heist

There is a good reason why every civilized country in the world tightly regulates its financial system. The 2008 global financial crisis, after all,...

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