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falling-off-a-cliff effect from which it would be nearly impossible to recover.

I fall off my chair seeing such idiotic rhetoric.

That is to say, there won't be enough workers to pay for the pensions of all those long-living retirees.

As always, assuming a constant retirement age... and no money spent on children, jobless, incapacitated, etc...

One concerns Eastern Europe, where trends date from the Communist period and portend a special, and especially virulent, class of social problems.

Was communism better for family building than modern capitalism?!

The article's language suggests otherwise... They pretend the problem originates in communist times, rather than the collapse that followed under neo-capitalism with IMF recipe.

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Mon Jun 30th, 2008 at 06:05:29 AM EST
[ Parent ]
That is to say, there won't be enough workers to pay for the pensions of all those long-living retirees.

For me the worst of it is the assumption that pensions can only be funded from earned Income, and not from the unearned Income generated by productive Capital in private ownership.

There is plenty of wealth available to provide pensions, but no political ability to tax it, and indeed the entire rhetoric of contemporary economics is designed to even preclude the thought....

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Mon Jun 30th, 2008 at 06:33:14 AM EST
[ Parent ]
Yep, are we in aggregate poorer than before that we cannot keep a general pension (or health) system? FDR started Social Security from zero.

Article's North-European examples show that "socialist" state has non-trivial better consequences from even demographic point of view. But as usual in today's media, loudest conclusions do not relate to most interesting observations.

As for "unrecoverable" falling-off-a-cliff effects, I can think of many more cliff divings that are much more impossible to recover from than a population revival. Perhaps our biological clocks know better when are times to multiply and when just to talk about joys of fertility.

by das monde on Mon Jun 30th, 2008 at 07:04:30 AM EST
[ Parent ]

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