"Nations grow old without noticing, says Krzysztof Tyszka-Drozdowski. But European states must now face up to a "fundamental reality" - they have "become gerontocracies". One in four EU citizens is of retirement age. Fewer young people reduces the likelihood of wars and revolutions, but also spells a "retreat from geopolitical ambition and a reconfiguration of the continent's social model". "What defines Europe today is not its dream of positioning itself between the US and China, but the hard fact that the EU makes up just 7% of the world's population and 50% of its social spending." Britain is no exception: "redistribution flows not from rich to poor, but from precarious youth to the asset-rich elderly". It's little surprise so many young people fear for the future, postponing raising a family until they attain economic stability - "a moment that, for too many, may never arrive". "Revolt is brewing." Barely a quarter of young French people say they trust democracy [Moi ici: Os "Je suis Nicolas"]. In the UK, 61% long for a strong leader unconstrained by Parliament that could "fix" the country. Radical reform to shift support from the grey electorate and migrants to the younger generation is needed. But cuts alone won't be enough. The only way out is via economic growth, which will require deep internal reform and deregulation."
Trecho retirado da revista Money Week publicado com o título "The tyranny of gerontocracy" e inicialmente publicado em unherd.com

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