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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 I think the labour laws are outdated.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 ...

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To: quesney


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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