From statelessness to inclusive prosperity

Societies that embrace inclusivity at critical junctures can achieve durable prosperity.

This past week, Kathmandu’s streets echoed with chants not heard in decades. Teenagers wielding smartphones demanded an end to corruption, repression and hopelessness. The resignation of Nepal’s prime minister, which resulted from a wave of “Gen Z” protests, left the country in what some call a condition of statelessness. The state’s moral legitimacy—its capacity to claim the loyalty of its citizens—collapsed.