Posted on 11/07/2011 10:41:06 AM PST by quesney
The chairman of China's sovereign wealth fund remains sceptical about supporting a European bailout.
"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 I think the labour laws are outdated.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."
(Excerpt) Read more at aljazeera.com ...
I retired 12 years ago at age 54 but I well remember all the 70 hour weeks I put in and a lot of years with no vacation at all.
It's not about who retires at what age but whether someone has earned it on their own. If anyone thinks that's "unfair" screw the commie bastards.
“So, where did the whole concept of lying on the couch feeding each other grapes come from?”
You have just described the primary economic tenet of the Operation Wall Street protest
Let’s just keep reducing the number of productive people in society and keep increasing the number of people dependent on them. What could possibly go wrong?
The US is now offically to the left of China.
So where did this custom originate?
Hear, hear. It can take years of hard labor to be able to go virtual Galt.
Germany IS overregulated,overtaxed,overentitled and overunionized.It does not surprise me that they are pushing Ireland to raise their corporate tax rate.My point is despite a Eurosocialist mindset, they are competitive net exporters because of their technical innovation and exceptional engineering talent that has always been a predominant attribute of that nation.Only China exports more than Germany.They would be even more competitive if they were not bitten by the eurosocialist bug.
“So where did this custom originate?”
I would say with socialism but that comes with top down grape redistribution rather than a mutual feeding frenzy.
This coming from a country still controlled by the Communist Party. The Chinese will prosper to the degree they throw off the yoke of Communism, as many of the people there have tried to do. However, the Party is still in control and is constantly trying to tighten the reins to maintain its grip on power.
Well if this doesn’t shame Eurosocialists nothing will.
If we hadn't traded with the Red Chinese, the communist regime there would have collapsed like in the USSR. Instead, we foolishly underwrote it.
This coming from a country still controlled by the Communist Party. The Chinese will prosper to the degree they throw off the yoke of Communism, as many of the people there have tried to do. However, the Party is still in control and is constantly trying to tighten the reins to maintain its grip on power.
Well if this doesn’t shame Eurosocialists nothing will.
http://www.youtube.com/watch?v=dDsX3ZBvths&feature=related
I agree fully with both of your most recent posts particularly when we gave China permanent status in the World Trade Organization. It is incredible to look at a chart of the exponential growth of their exports over the past 10 years since their admission. And coordinately a decline of our exports and those of the West as we feverishly transfer wealth.Most free trade, not all, is good trade.Few of the political elite will admit it but China is mother of all toxic trade relationships. It is only a question of whether their bubble bursts first before we should go the punitive tariff route.
Ah! The commie Lennin was wrong! The capitalists wont in fact sell the communists the rope to hang the capitalists with, in fact the communists will sell the capitalists the rope, and hang them with the loan for it!
Europe is going muslim without care, he Red welfare state is now criticizing the capitalist welfare state, while we have an anti-christian anarchistic anti-American communist as our President. The world has truly flipped!
Ah! The commie Lennin was wrong! The capitalists wont in fact sell the communists the rope to hang the capitalists with, in fact the communists will sell the capitalists the rope, and hang them with the loan for it!
Europe is going muslim without care, he Red welfare state is now criticizing the capitalist welfare state, while we have an anti-christian anarchistic anti-American communist as our President. The world has truly flipped!
Germany wants Ireland make itself less attractive as a corporate headquarters. If they don't, Germany will withhold any assistance.
Imperialist blackmail. That would have been less feasible if Ireland had not surrendered the punt.
Germany wants Ireland make itself less attractive as a corporate headquarters. If they don't, Germany will withhold any assistance
Because Germany can’t pay for tje bailouts by itself.
They ought to stop forcing the bailouts on these countries then.
I’d guess that ancient Greece had much to do with promulgating the concept.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.