I'm not sure pensions are capitalism's fault. Any "ism" would be just as boned if it ended up with 2-3 workers for every retiree.
More worrying right now is that it appears the EU is about to firmly roger itself by attempting to defend the Euro against speculators. They want to put together a 60bn defense fund. Presumably they will prop up the value of the Euro by buying it at a higher price than anyone else can be bothered paying. Isn't that how Soros screwed Sterling? No good can come of purchasing your own merchandise.
The unwillingness to let capitalism's failures take their natural course seems to me to be the biggest immediate problem.
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timeasmymeasure
Re: What would you be willing to pay?
Date: 2010-05-09 11:12 pm (UTC)More worrying right now is that it appears the EU is about to firmly roger itself by attempting to defend the Euro against speculators. They want to put together a 60bn defense fund. Presumably they will prop up the value of the Euro by buying it at a higher price than anyone else can be bothered paying. Isn't that how Soros screwed Sterling? No good can come of purchasing your own merchandise.
The unwillingness to let capitalism's failures take their natural course seems to me to be the biggest immediate problem.