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4/2025
Will We Ever Get to Retire?
Managing Population Decline and Helping Younger Generations Invest for the Long Term
To make our pension system sustainable amid falling birth rates, we need to take several steps – starting with stopping the constant rule changes and avoiding any further hikes in social security contributions. A better approach is to slow the decline in the number of contributors through a mix of policies, including public support for those who are not self-sufficient and stronger oversight of all pension schemes, especially professional pension funds.
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What It Takes to Defend Peace
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Europe Prepares to Rearm Amid the Decline of American Power In a world growing ever more unstable, increased investment in European defense seems all but inevitable. But so are the trade-offs: more military spending means fewer resources for civilian needs. To avoid waste and duplication, Europe needs a unified strategy—not a fragmented rearmament effort by individual EU countries. In an age of drawn-out wars and fast-moving technological change that favors the defender, a strong economy remains Europe’s most powerful strategic asset.Select options This product has multiple variants. The options may be chosen on the product page -
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Who Will Pay for Trump’s Tariffs?
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How Trade Wars Could Impact Income and Inflation Trump’s second presidency is shaping up to be even more aggressive than the first, with no restraints. His trade policies are driven by a mercantilist view of the economy, a narrow understanding of global interdependencies, and the interests of Big Tech. Will tariffs be used as a mere bargaining chip, or will they be enforced indiscriminately, sparking new trade wars? How will they affect income and inflation? What should we expect in key trade conflicts – between the U.S. and China, North America, Europe, and emerging markets? And what role can the European Union play? Italy, on its own, has little influence.Select options This product has multiple variants. The options may be chosen on the product page -
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Against Women
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Tackling Gender Discrimination at Work and at Home Discrimination still runs deep in many areas of our society. It’s unfair, it weakens social cohesion, and it robs us of valuable human potential – something we can hardly afford as advanced countries face demographic decline. Women, along with ethnic and religious minorities and people who don’t conform to mainstream standards of sexuality or appearance, are often the primary targets. This issue focuses on the discrimination faced by women, who have become the main victims of the backlash against inclusion policies, particularly those pushed back overseas. Maybe affirmative action – like gender quotas – has sometimes gone too far. But that doesn’t mean we should undo decades of progress in civil rights. So how do we push back against this rollback and keep moving forward in the fight for gender equality?Select options This product has multiple variants. The options may be chosen on the product page -
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A World in Disorder
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In the vacuum left by the United States, Europe can lead an alliance of middle powers Like all populists, Trump knows how to destroy, not how to rebuild. In just fifteen months, he has driven a wedge between the United States and its longtime allies, sparked new conflicts, dismantled the international order, and weakened American democracy. To avoid ending up on the “imperial menu” invoked by the Canadian prime minister at Davos, middle powers must forge new balances and new forms of global cooperation in managing shared resources and conflicts. Europe is the natural candidate to lead this effort. As a successful model of genuine multilateralism, it has already demonstrated its capacity for coordinated action. At a time when external security has once again become a central concern, Europe’s social welfare model can also prove to be a strategic asset.Select options This product has multiple variants. The options may be chosen on the product page
