Clash of Civilizations: China's Investment Fund head says EU induces 'sloth, indolence' (retirement, program)

[EdwardA]

Yup 50 years of post-war liberalism has weakened the West. I find it ironic that it takes a Communist country to point that out.

http://www.aljazeera.com/programmes/...434664695.html

"If you look at the troubles which happened in European countries, this is purely because of the accumulated troubles of the worn out welfare society. I think the labour laws are outdated. The labour laws induce sloth, indolence, rather than hardworking. The incentive system, is totally out of whack.
"Why should, for instance, within [the] eurozone some member's people have to work to 65, even longer, whereas in some other countries they are happily retiring at 55, languishing on the beach? This is unfair. The welfare system is good for any society to reduce the gap, to help those who happen to have disadvantages, to enjoy a good life, but a welfare society should not induce people not to work hard."

Jin Liqun, the supervising chairman of China's sovereign wealth fund

[uggabugga]

he makes some good points.

[GregW]

As said by a big bank capitalist. All systems must force people to work hard for the profit of others. Spoken as a true socialist.

[ovcatto]

Originally Posted by uggabugga

he makes some good points.

Yes because here in China the workers paradise we encourage workers at the point of an AK-47 (ok a bit hyperbolic but you get the idea).

[EdwardA]

Originally Posted by GregW

As said by a big bank capitalist. All systems must force people to work hard for the profit of others. Spoken as a true socialist.

Big Bank? He's investing his country's foreign reserve hoard which they pbtained through hard work and thrift. You know the stuff that made America a formidable power not so long ago.

[uggabugga]

Originally Posted by ovcatto

Yes because here in China the workers paradise we encourage workers at the point of an AK-47 (ok a bit hyperbolic but you get the idea).

you don't think the 10 year+ differences in retirement ages was a good point?

[GregW]

Hard work and thrift encouraged at the threat of debtor’s prison or the muzzle of a gun. The Chinese vision of hard work is slavery for most and luxury for the few. Just like Big business in our country. As always greed transcends both nationality and politics. It is the one worldwide religion.