Today, Explained

Old Country for Old Men

Mar 11, 2020
Derek Thompson, a staff writer at The Atlantic, discusses the implications of having an older president in the U.S. He highlights the challenges of gerontocracy, particularly in addressing critical issues like climate change that affect younger generations. Thompson contrasts older leaders in America with their younger counterparts in Europe and raises concerns about decision-making capacity. He also suggests potential solutions like wealth taxes and term limits to balance experience with the need for fresh perspectives.
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INSIGHT

Geriatric Leadership

  • The next elected president will be over 70, the oldest ever.
  • This reflects a broader trend of aging leadership across American politics, business, and science.
INSIGHT

Gerontocracy and Plutocracy

  • Gerontocracy, rule by the old, is becoming intertwined with plutocracy, rule by the wealthy.
  • This combination creates negative consequences for America.
INSIGHT

Supply of Older Leaders

  • Older politicians have more established financial resources and donor networks, giving them an advantage in expensive campaigns.
  • They are also more willing to leave the private sector, having already achieved peak earnings.
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