As soon as Donald Trump withdrew the US from the Paris Agreement on climate change, eyes turned eastward. Even as the US reneges on its promises, the argument now goes, China and India will show leadership instead; they at least are committed to low-carbon growth. I wouldn’t be so sure, at least where India is concerned. It is true that …

The entrepreneurs of Silicon Valley are undoubtedly finding many ways to make the world a better place — with tunnels, flying cars, interplanetary travel. Yet I can’t help noticing a growing divide between the problems people have and the problems tech companies are willing or able to solve. This divide has two sources. The first is related to inequality: When …

Despite record highs in the markets, bad news about consumers has been relentless: malls are closing; consumers have accumulated too much debt; incomes are stagnant. None of this bodes well for future consumer spending and economic growth. This is the established narrative — fairly straightforward, based on well-understood data. I suspect it is also wrong. What if something else entirely …