TO SAY THAT these are challenging times is perhaps akin to starting a novel with “It was a dark and stormy night.” But the challenges we face are real. Finance is in tumult, and while worries about a banking crisis may have ebbed, fears of a crisis in public finances are running high. Even without additional financial reversals, overall economic prospects look bleaker than just a few years ago. The global order also seems more uncertain. Prosperity and power are shifting to new places and peoples. Old political doctrines and divisions no longer seem viable. Technology and media are changing before our eyes. So, apparently, is the natural environment itself.
That's not all. The problem ...