The Global Economy Has a Boomer Problem.

The article focuses on the economic and social challenges posed by aging populations and pension systems in Western countries, particularly France and the UK. It highlights how current retirees, especially baby boomers, have secured generous pensions that strain public finances and burden younger generations, contributing to social unrest and intergenerational inequality. The piece discusses demographic trends worldwide, noting declining fertility rates and aging societies, and suggests reforms such as linking pensions to workers' purchasing power, shifting taxes from labor to land and inheritances, and encouraging housing and infrastructure development. It argues for a new social contract to create a sustainable and equitable future amid demographic shifts.