Sunday, November 6, 2011

Chinese Rep Says Wellfare States Brought on EU's Economic Woes

In a recent interview with Al Jazeera, Jin Liqun, chairman of China's sovereign wealth fund, said the following about a possible bailout for the EU:
"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 I think the labour laws are outdated.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.


He also said:

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.


This from a guy representing a country with some of the lowest paid workers in the industrialized world. Planet Capitalism is really starting to worry me. If China will be the one determining how workers are treated I think I'm going to start looking on Craigslist for good deals on spaceships.

I just LOVE how these rich assholes can just blatantly lie about the causes for the economic woes around the world. I don't know the specifics of the EU's problems but should a system that doesn't treat humans well be supported? Should hard work be forced on every last citizen? This system is really getting out of control. Now where would "used spaceships" be on Craigslist?

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