Adapted from The World’s Worst Bet: How The Globalization Gamble Went Wrong (and What Would Make It Right) by David J. Lynch. Published September 9, 2025.

Aliss Higham is a Newsweek reporter based in Glasgow, Scotland. Her focus is reporting on Social Security, other government benefits and personal finance. She has previously extensively covered U.S.

Interior and security ministers from the “Five Eyes” intelligence-sharing partnership of the U.K., U.S., Canada, Australia ...