The Most Important Thing, and It’s Almost a Secret

We journalists are a bit like vultures, feasting on war, scandal and disaster. Turn on the news, and you see Syrian refugees, Volkswagen corruption, dysfunctional government. Yet that reflects a selection bias in how we report the news: We cover planes that crash, not planes that take off. Indeed, maybe the most important thing happening […]

China Will Get Rich Before It Grows Old

At a conference on the Chinese economy in 2012, Cai Fang, a demographer at the Chinese Academy of Social Sciences, issued a dire warning: “There’s now no doubt China will be old before it is rich.” He was expressing a view widely held by economists and China watchers. Over the past 65 years, life expectancy […]