The Chinese pension reform was interesting. Setting aside China bashing, world over no country seems to know how to deal with a scenario where the number of older, retired people rises in proportion to the younger, working (tax paying) ones.
In the West, it isn't just about pension but also healthcare costs. In China, it is what you wrote. In theory, the only viable solution for retirees is that they save and invest enough (with the attendant market and inflation risks). In practice, not everyone earns enough to save enough + even the ones who earn enough aren't disciplined enough.
Not trying/doing anything isn't an option for governments - it kind of defeats the purpose of governance to do nothing! Plus, the problem if unsolved can lead to civil unrest...
yes it's a litmus test for governments all over. We will encounter this a couple of decades later. Good to learn from the ongoing changes in other countries now because any pension reform is a generational project.
very difficult to deal with an ageing population. The West seems to think that medium/high skilled immigration will help them enough to pay for net-negative citizens, though surely there's a limit to how much immigration they can politically allow.
For instance, UK's Office of Budget Responsibility, released their latest projections and it's not a rosy picture, when it comes to Government spending, post 2030 (as population grows old).
Your last piece on Pager attacks was extremely poignant and thought provoking.
Even though Hezbollah organized and communicated through their secret pager network to all active militia, it is unethical, immoral for Israel to indiscriminately target their active members by somehow accessing their private network. It is frankly immaterial what Hezbollah's militant activities has been in the past and this event should be viewed in a vacuum. Extend the focus beyond a certain timeline, and the waters get muddy. So it must be analyzed in this restricted, sterile environment like any scientist, worth their salt, would.
I am curious about the link between this attack with Matsyanyaaya , Atmanirbharta, and an increase in protectionism. I want to peep behind this curtain of genius, which after reading your article taunts to me 'How did I not think of these linked events myself?'.
I look forward to reading more about this in your next newsletter.
The Chinese pension reform was interesting. Setting aside China bashing, world over no country seems to know how to deal with a scenario where the number of older, retired people rises in proportion to the younger, working (tax paying) ones.
In the West, it isn't just about pension but also healthcare costs. In China, it is what you wrote. In theory, the only viable solution for retirees is that they save and invest enough (with the attendant market and inflation risks). In practice, not everyone earns enough to save enough + even the ones who earn enough aren't disciplined enough.
Not trying/doing anything isn't an option for governments - it kind of defeats the purpose of governance to do nothing! Plus, the problem if unsolved can lead to civil unrest...
yes it's a litmus test for governments all over. We will encounter this a couple of decades later. Good to learn from the ongoing changes in other countries now because any pension reform is a generational project.
very difficult to deal with an ageing population. The West seems to think that medium/high skilled immigration will help them enough to pay for net-negative citizens, though surely there's a limit to how much immigration they can politically allow.
For instance, UK's Office of Budget Responsibility, released their latest projections and it's not a rosy picture, when it comes to Government spending, post 2030 (as population grows old).
“Ayatollahs of Atmanirbharta” lmao!
Your last piece on Pager attacks was extremely poignant and thought provoking.
Even though Hezbollah organized and communicated through their secret pager network to all active militia, it is unethical, immoral for Israel to indiscriminately target their active members by somehow accessing their private network. It is frankly immaterial what Hezbollah's militant activities has been in the past and this event should be viewed in a vacuum. Extend the focus beyond a certain timeline, and the waters get muddy. So it must be analyzed in this restricted, sterile environment like any scientist, worth their salt, would.
I am curious about the link between this attack with Matsyanyaaya , Atmanirbharta, and an increase in protectionism. I want to peep behind this curtain of genius, which after reading your article taunts to me 'How did I not think of these linked events myself?'.
I look forward to reading more about this in your next newsletter.
"For operational security reasons, Hezbollah migrated to closed telephone circuits that operate independent of Lebanese government networks." - https://www.rand.org/pubs/commentary/2017/09/how-hezbollah-came-to-dominate-information-warfare.html