China’s Population Bust, with Nancy Qian, Zhang Jun, Shang-Jin Wei, and more

Also featuring Joseph E. Stiglitz, Dani Rodrik, Dambisa Moyo, Michèle Flournoy, James K. Galbraith, and more [View this message in a web browser]( [PS Behind the Headlines]( JUNE 10, 2021 Welcome to Behind the Headlines. Each week, we highlight the latest commentaries linked to the most important news stories, and share a brand new Big Picture topical collection, which takes readers on a deep dive into a critical issue or event. The Great Inflation Debate [The Inflation Red Herring]( [The Inflation Red Herring]( [Joseph E. Stiglitz]( believes hand-wringing over recent price increases is premature, unnecessary, or tendentious. [The Deeper Anxieties of the Inflation Hawks]( [The Deeper Anxieties of the Inflation Hawks]( [James K. Galbraith]( sees no sound economic reason to start worrying about consumer prices at this stage in the recovery. The Big Picture [China’s Population Bust]( [China’s Population Bust]( Recently published census data showing that the world’s most populous country is aging rapidly and becoming less fertile have alarmed the government. But further relaxing China’s family-planning policy may not have the desired effect, and could even prove counterproductive. Featuring: [ZHANG JUN]( [SHANG-JIN WEI]( [NANCY QIAN]( [ADAIR TURNER]( [FRANK GÖTMARK]( [ROBIN MAYNARD]( The G7 Corporate Taxation Agreement [The G7 Tax Clampdown and the End of Hyper-Globalization]( [Dani Rodrik]( welcomes the leading economies' agreement on a new framework for taxing multinational corporations. The G7 Summit [Accelerating Global Britain]( [Dambisa Moyo]( argues that the UK needs to focus on green energy, technological innovation, and engagement with China. The G7 Summit [The Investment Imperative for the G7]( [Nicholas Stern]( sees the Cornwall summit as a vital opportunity to promote a sustainable, inclusive, and resilient recovery. Opinion Has It [Is the US Ready for War?]( In this PS podcast, [Michèle Flournoy]( and host [Elmira Bayrasli]( discuss what it will take for America’s military to hold its own against an ascendant China. Listen now on [PS]( [Apple]( [Google]( [Soundcloud]( or [Spotify](. Or [read the transcript](. Ousting Israeli Prime Minister Benjamin Netanyahu [Bibi's Poisoned Legacy]( [Shlomo Ben-Ami]( assesses the legacy of division and chaos left behind by Israel's longest-serving prime minister. Ransomware Attacks [A Curse Worse than Cash]( [Kenneth Rogoff]( thinks ransomware cyberattacks might finally trigger tighter regulation of anonymous cryptocurrencies. Rising Financial Risks [The Return of the Finance Threat?]( [Mohamed A. El-Erian]( argues that policymakers must again moderate the sector’s dangerous risk-taking excesses. [PS Events: Back to Health]( [Facebook]( [Twitter]( [LinkedIn]( Project Syndicate publishes and provides, on a not-for-profit basis, original commentary by the world's leading thinkers to more than 500 media outlets in over 150 countries. This newsletter is a service of [Project Syndicate](. [Change your newsletter preferences](. Follow us on [Facebook]( [Twitter]( and [YouTube](. © Project Syndicate, all rights reserved. [Unsubscribe from all newsletters](.