January 1, 2019 / Fortune Asia / Volume 179 / Number 1
The Shrinking Middle Class
Chasing the American dream used to be exhilarating. Now it’s exhausting. How did our vision of prosperity get so out of whack? And how can we fix it?
The Ghosn Show
By DORON LEVIN
One of the most talented automotive executives of his generation is behind bars in Japan. What now for the alliance he forged?
Biochipping: Sci-Fi No More
By VIVIENNE WALT
Injecting chips into humans is not only possible, it’s looking like a practical business application that means never losing your keys or forgetting your passwords again.
4 Unfinished Business
Why deploying 51 people to cover the struggles of the middle class is part and parcel of Fortune’s mission.
By CLIFTON LEAF
5 Hot Under the White Collar
Around the globe, prosecutors seem to have a growing appetite for holding corporate leaders accountable.
By ADAM LASHINSKY
8 On Macron vs. the Gilets Jaunes
Was France due for an insurrection?
By LINDSEY TRAMUTA
9 Billion-Dollar Babies
Retailers need to cultivate hip brands, not reinvent core offerings.
By PHIL WAHBA
10 Your Money Is No Good Here
The rise of cashless retail is pushing legislators to help those without bank accounts.
By DANIEL BENTLEY
11 Revealing Leaves Us Reeling
In the age of Instagram, baby showers get taken to the next level.
By DANIEL BENTLEY AND LUCAS LAURSEN
15 VR Gets Real in the OR
Doctors and medical students are increasingly using virtual reality to prepare for surgery.
By ANDREW ZALESKI
17 Tackling ”Tough Tech”
Unlike many venture capitalists, Katie Rae is a fan of startups that take on big and complicated problems.
Interview by RENAE REINTS
20 Forget Pie in the Sky, Drones Are Saving Lives
Drones may one day make your life easier by delivering pizza, but today-in Rwanda-they are playing a vital role in emergency medical services.
By TOM JACKSON
22 When Workers and Investors Share the Wealth
Being stingy with pay and benefits can boost profits in the short term. But companies-and their stocks-may do better when they’re generous.
By RYAN DEROUSSEAU
THE BIG IDEA
24 Why Business Must Step Up to Shape the Next Industrial Revolution
Technological disruption threatens to create a gap between business’s priorities and society’s.
By KLAUS SCHWAB
26 Beautiful and Sustainable
Big players in one of the planet’s most polluting industries are finally getting serious about their environmental responsibilities.
By LINDSEY TRAMUTA
72 Underperforming Asset
Americans keep investing in the laggard enterprise known as U.S. health care. Life expectancy, meanwhile, has barely budged.
Text by CLIFTON LEAF; graphics by NICOLAS RAPP
ON THE COVER: ILLUSTRATION BY MIKE MCQUADE
The Buena Vista Mobile Home Park: a working-class enclave in pricey Palo Alto.
GHOSN: YURIKO NAKAO由EUTERS
PHOTOGRAPH BY WINNI WINTERMEYER
ｩ Time Inc.