Sunday, November 13, 2011

Well Spotted

Jin Liqun, chairman of the board of supervisors of China Investment Corp., slammed the welfare systems of European countries and said the continent must address its own problems to attract outside investment.

“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,” Jin told Al-Jazeera television in an interview broadcast at the weekend.

“The labor laws induce sloth, indolence, rather than hardworking.”

Spot on, but we'll be a long time waiting for any such sanity from our 'leaders'.

Incidentally, two elected leaders have been chucked out and replaced by Europhile shills (I will not call them 'technocrats' because the word implies a pragmatism that just doesn't exist in the EU elite). How long do you reckon before they'll start calling them 'delegates' ... and how long before they start suggesting ID implants as a practical solution to border control?


Xanares said...

totally agree!

GraemeGRFinch said...

It's staggering. How on Earth were countries mired in indolence, and corruption ever going to stand shoulder to shoulder with the big economies of Europe, or the world for that matter? They weren't were they. We the relatively strong economies have literally poured money away. As an experiment in equalisation of economy and harmonising the spending power of 300million souls it has been a total failure, powered by little less than faith and the ambitions of quasi communists, and without factoring in individual greed of everyone who suddenly found the bank vault doors open.

This was a car crash waiting to happen. But how frustrating to be dragged down with them by proxy... well that and the silly fuckers that thought that all those years of interest free credit from DFS were a gift from a bottomless pit.

I'll be damn near retired by the time the economy starts to get rosy again, by my reckoning twenty years at least.

Berlusconni is worth £5billion... I find it staggering that he can have been allowed to be Prime Minister, with such personal wealth, how can he ever have been objective about anything, when money would never be an object... see lines 1 to 5 above.

Jebel Krong said...

china will be just as f*cked in a few years - the only difference is they don't give a fuck about their poor (99% of their population). what happens when the US/Europe stop buying their cheaply-made goods? will they transition to a post-industrial society in time? - doubtful (though given their ability to steal IP, maybe they will after all). plus china have been rigging the system (exchange rates etc) for so long, what do you think would happen if, say, the US just cancelled all their debt? no-one else can pick up the slack to re-balance things.