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Jin Liqun: Europe induces 'sloth, indolence'
Al Jazeera ^ | 6 November 2011

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 I think the labour laws are outdated.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 ...


TOPICS: Front Page News
KEYWORDS:
How embarassing for Europe. And on Al-Jazeera, no less.
1 posted on 11/07/2011 10:41:08 AM PST by quesney
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To: quesney

Never dreamed I would ever say this but the commie does have a point.


2 posted on 11/07/2011 10:45:23 AM PST by chuckee
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To: chuckee
Please...tell me you're joking.

FMCDH(BITS)

3 posted on 11/07/2011 10:47:00 AM PST by nothingnew (I fear for my Republic due to marxist influence in our government. Open eyes/see)
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To: quesney

For Europe and for us.


4 posted on 11/07/2011 10:50:46 AM PST by skeeter
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To: quesney

So, where did the whole concept of lying on the couch feeding each other grapes come from?


5 posted on 11/07/2011 10:52:51 AM PST by Paladin2
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To: quesney

Check out the comments below the article. That’s what is sick.


6 posted on 11/07/2011 10:53:10 AM PST by BradtotheBone (Moderate Democrat - A politician whose voting record leans left and whose vote can be bought.)
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To: quesney

[facepalm] Pretty embarrassing when your government (the US) has a poorer understanding of conservative principles than Red China!


7 posted on 11/07/2011 10:53:30 AM PST by Still Thinking (Freedom is NOT a loophole!)
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To: quesney

Was sitting here thinking about Free Republic and how it has contributed to sanity in this nation. consider the TVs that are still functional not having been shot, the walls without holes punched in them, the many small children who have not yet learned profanities. This is all due to Jim and Free Republic lending us a megaphone to shout our frustrations at the world. So get off your wallets people, put your money where your mouth is and help us pay for that megaphone. our sanity depends on this.
Respectfully
W.W.SMITH


8 posted on 11/07/2011 10:56:51 AM PST by W. W. SMITH (Obama is an instrument of enslavement)
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To: nothingnew

I am referring specifically to this quote:

“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,”

Quite honestly, the EU, with the exception of German engineering and innovation, is not globally competitive because of its overregulated, overtaxed and overunionized regimen. We are not far behind with Obama steering us in that direction.


9 posted on 11/07/2011 11:04:51 AM PST by chuckee
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To: chuckee

I read today that France,(the land of govt-mandated 8 weeks annual vacation, and the mandated 35 hour work week) has come up with a new “austerity” plan requiring people to work until age 62 before retiring on pension

Oh, the humanity


10 posted on 11/07/2011 11:09:30 AM PST by silverleaf (Common sense is not so common - Voltaire)
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To: quesney

Can’t disagree with a single thing he said.


11 posted on 11/07/2011 11:11:45 AM PST by dfwgator
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To: silverleaf

“I read today that France,(the land of govt-mandated 8 weeks annual vacation, and the mandated 35 hour work week) has come up with a new “austerity” plan requiring people to work until age 62 before retiring on pension.”

France among all nations on the planet has more exposure to Italian sovereign debt than anyone,at 480 billion. Italy goes and France will have to readjust the retirement age to 93.Also have no money left to buy surrender flags.


12 posted on 11/07/2011 11:16:28 AM PST by chuckee
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To: All

Meanwhile, in Obamaland

Sloth nation:
America has taken laziness to new lows www.nypost.com/p/news/opinion/opedcolumnists/sloth_nation_8D9TAUePXNNLgnI2gXC4UP


13 posted on 11/07/2011 11:18:46 AM PST by quesney
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To: quesney

I’ve visited Europe numerous times for business, I’ve been saying the same thing for years.

Much to the the chagrin of my “Continental” loving acquaintances.

What’s the world coming to, I agree with the ChiComs.


14 posted on 11/07/2011 11:23:16 AM PST by JMJJR ( Newspeak is the official language of Oceania)
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To: quesney

Europe is soooooo screwed.


15 posted on 11/07/2011 11:24:13 AM PST by GOPJ ( Democrats are the only reason to vote for Republicans.... Will Rogers)
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To: JMJJR
What’s the world coming to, I agree with the ChiComs.

I don't know what the world's coming to - but I agree with them too...

16 posted on 11/07/2011 11:25:24 AM PST by GOPJ ( Democrats are the only reason to vote for Republicans.... Will Rogers)
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To: chuckee

LOL! When French surrender flags are made in China it will complete the perfect circle


17 posted on 11/07/2011 11:29:30 AM PST by silverleaf (When your outgo exceeds your income, your upkeep will be your downfall)
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To: quesney

No one knows how lack of incentive leads to lack of productivity better than those who have lived under communism/socialism do. They essentially know that socialism doesn’t work, but the Chinese government likes having totalitarian control, so they’re not in any hurry to have open democratic elections either. That’s the primary reason they remain ‘communist’. Economically, they’ve realized it doesn’t work.


18 posted on 11/07/2011 11:31:03 AM PST by pieceofthepuzzle
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To: chuckee

Quite honestly, the EU, with the exception of German engineering and innovation, is not globally competitive because of its overregulated, overtaxed and overunionized regimen
If that's the case, then I'd like to know why Germany is trying to push Ireland to raise its corporate tax rate.
19 posted on 11/07/2011 11:35:43 AM PST by Olog-hai
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To: quesney
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?

So if they are happily retired, why are they languishing on the beach? Are they all marooned? Heck, I generally enjoy myself at the beach.

20 posted on 11/07/2011 11:37:14 AM PST by Sax
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To: silverleaf
I read today that France,(the land of govt-mandated 8 weeks annual vacation, and the mandated 35 hour work week)

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.

21 posted on 11/07/2011 11:45:17 AM PST by Graybeard58 (Of course Obama loves his country but Herman Cain loves mine.)
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To: Paladin2

“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


22 posted on 11/07/2011 11:48:53 AM PST by chuckee
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To: quesney

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.


23 posted on 11/07/2011 11:56:01 AM PST by BinaryBoy (Stuck with a local RINO? Regardless of who you vote for, donate $$$ to a different district.)
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To: chuckee

So where did this custom originate?


24 posted on 11/07/2011 11:57:36 AM PST by Paladin2
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To: Graybeard58
"It's not about who retires at what age but whether someone has earned it on their own."

Hear, hear. It can take years of hard labor to be able to go virtual Galt.

25 posted on 11/07/2011 11:59:42 AM PST by Paladin2
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To: Olog-hai

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.


26 posted on 11/07/2011 12:06:01 PM PST by chuckee
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To: Paladin2

“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.


27 posted on 11/07/2011 12:09:59 PM PST by chuckee
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To: quesney

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.


28 posted on 11/07/2011 12:12:49 PM PST by TexasRepublic (Socialism is the gospel of envy and the religion of thieves)
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To: quesney

Well if this doesn’t shame Eurosocialists nothing will.


29 posted on 11/07/2011 12:14:11 PM PST by jwalsh07
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To: chuckee
Thanks to the USA foolishly underwriting their Wirtschaftwunder after the war, they are stuck on the notion that the "social market economy" is the only way that works. The reason why the USA's failing is because our free market has been polluted with elements from that so-called "social market"; and like you said, Germany's innovations are what's keeping them afloat more so than their manufacturing base (which the USA should never have relinquished; I'll never stop saying that in light of what's written in Hamilton's Report on Manufactures).
30 posted on 11/07/2011 12:14:15 PM PST by Olog-hai
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To: TexasRepublic

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.
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.

There's an economic bubble in China that's due to pop any moment, and suddenly that prosperity won't be there. That will be just too advantageous to the sick regime that we still allow to run that country.
31 posted on 11/07/2011 12:18:38 PM PST by Olog-hai
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To: jwalsh07

Well if this doesn’t shame Eurosocialists nothing will.

http://www.youtube.com/watch?v=dDsX3ZBvths&feature=related


32 posted on 11/07/2011 12:19:04 PM PST by Calusa (The pump don't work cause the vandals took the handles. Quoth Bob Dylan.)
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To: Olog-hai

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.


33 posted on 11/07/2011 12:42:29 PM PST by chuckee
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To: silverleaf

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!


34 posted on 11/07/2011 12:44:34 PM PST by If You Want It Fixed - Fix It
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To: silverleaf

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!


35 posted on 11/07/2011 12:44:56 PM PST by If You Want It Fixed - Fix It
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To: Olog-hai
If that's the case, then I'd like to know why Germany is trying to push Ireland to raise its corporate tax rate.

Germany wants Ireland make itself less attractive as a corporate headquarters. If they don't, Germany will withhold any assistance.

36 posted on 11/07/2011 1:20:41 PM PST by Myrddin
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To: Myrddin

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.

The "beneficial crisis" is still in full swing. Now imagine if the USA had even thought of trying what Germany's doing with impunity right now, how the USA would be utterly excoriated? Not that such is in the USA's nature, but there's no justification to Germany's empire-building in this fashion.
37 posted on 11/07/2011 1:45:41 PM PST by Olog-hai
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To: Olog-hai

Because Germany can’t pay for tje bailouts by itself.


38 posted on 11/07/2011 2:09:51 PM PST by Crucial
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To: Crucial

They ought to stop forcing the bailouts on these countries then.


39 posted on 11/07/2011 2:10:30 PM PST by Olog-hai
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To: chuckee

I’d guess that ancient Greece had much to do with promulgating the concept.


40 posted on 11/07/2011 2:50:57 PM PST by Paladin2
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To: quesney

Hahah!!!

European Socialists being lectured about sloth and indolence by a Chinese Communist...

You just can’t make this sh*t up....

It would be hysterical if it weren’t so pathetic.

Socialist governments throughout the “Free World” going bankrupt (as was inevitable)...

Communist China becoming an economic powerhouse...

Russia pining for the “good old days” of communism.

But we “won the Cold war”....riiiiight....


41 posted on 11/07/2011 3:11:28 PM PST by NFHale (The Second Amendment - By Any Means Necessary.)
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42 posted on 11/07/2011 3:22:05 PM PST by TheOldLady (FReepmail me to get ON or OFF the ZOT LIGHTNING ping list)
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To: Paladin2

Rome, too, when they were on the decline.


43 posted on 11/07/2011 4:19:03 PM PST by chuckee
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To: chuckee

Just following the lead of Greece. Seems like an entertaining thing to do on the weekends.


44 posted on 11/07/2011 4:27:06 PM PST by Paladin2
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To: Olog-hai

Totally agree but politicians, particularly socialist ones, never act in the best interests of the people.


45 posted on 11/08/2011 8:21:16 PM PST by Crucial
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