Age is a big deal. We saw just how big a deal it is from the deterioration of President Biden evident during the recent debate with Donald Trump. There’s a growing sense that the world is being run by a gerontocracy—Biden, Trump, Putin, Xi, Khamenei—worthy of the decrepit and corrupt Emperor Tiberius.
The stage is being set for a global generational conflict. As the old men strut on the world stage, they have left the next generation an almost unfathomable $91 trillion debt load, essentially forcing higher interest rates along with the threat of higher taxes and service cuts. Even in authoritarian countries, the younger generations are getting increasingly restless. And in the West, fewer than 10 percent of Americans under thirty think the country is headed in a good direction.
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