Commentary
Wall Street veterans often advise clients to “follow the smart money.” Implicitly, they are telling people to follow the wealthy, who presumably got that way because they are smart or at least well advised.
Thinking About China
Opinion
Wealthy Chinese Pessimistic About the Future
A recent survey shows that wealthier Chinese are growing more pessimistic about the economy, making it harder for Beijing to find effective solutions.
Office workers cross a road in Beijing's central business district on July 31, 2025. Greg Baker/AFP via Getty Images
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
