Argentina Pension Fund and the Debacle overseas

[RWS]

I try very hard not to. It's extremely difficult.

I admit I was being sarcastic in the penultimate posting. But I say in complete sincerity that I join with "mini" in this attempt not to add to the power of a state that consistently oppresses workers, minorities, and others, difficult though that attempt is.

 

[tangobob]

Pericles, why don't you provide a source for the article? Does the world socialist website (wsws.org) come to mind?

viva la revolution!

Christy! Of all the garbage that is being printed about global financial crisis this is pap.

I don't want to buy into the capitalism bashing, because there are greater evils in the world than retirees losing some cash. For some context and a grand generalisation, the generation that is losing their money (on paper) is the generation who had free university education, cheap housing, and under the Howard Government received billions of dollars worth of subsidies and tax breaks to buy the "grey vote".

I live in Australia and am moving to BsAs next year - I read this forum to see what's up in BsAs. However, some members in particular post about the most peculiar topics, to justify and sustain some of sort ideological war - on what? Perhaps the chip on their shoulder.

Cry me a river.

I am not from Australia but the UK so cannot comment on what "FREBEES" they have, but for us the generation who are loosing their money. Lived through rationing, conscription, mas redundancies in the 80s, the three day week and the utter poverty of the 50s. You don't have to cry me a river but at least leave us with the money we worked and saved so hard for.

 

[perry]

We as a society need to have controls from the lunacy that has been the stock market . I ask you people here who so believe in free markets and capitalism at all costs would you give someone your life savings to a compulsive gambler to play roulette with at a casino ?

 

[igor]

... but for us the generation who are loosing their money. ... but at least leave us with the money we worked and saved so hard for.

tb,

And looking back now, would you rather let your government to manage your money rather than doing it yourself ?

...would you give someone your life savings to a compulsive gambler to play roulette with at a casino ?

Yeah, it is much better when you are forced to lend your life savings to some other gambler who use this money to play poker.

 

[tangobob]

tb,

And looking back now, would you rather let your government to manage your money rather than doing it yourself ?

I get your point, and hindsight is an exact science. I could tell you now exactly when the government should have had my money and when it should have been in private hands, If I had had the benefit of foresight I would now be a rich man.

So far I have been lucky with my (company) pension, I just hope my luck lasts until I retire. My ventures onto the equity markey have not been so good, so my ratings (for what they are worth, totally unqualified except from experience) would be in order of preference:
1) private company pension scheme, usually partly administered by a trade union.
2) Government backed scheme
and lastly
3) Private sceme backed by equities on the stock market.

 

[mini]

I admit I was being sarcastic in the penultimate posting. But I say in complete sincerity that I join with "mini" in this attempt not to add to the power of a state that consistently oppresses workers, minorities, and others, difficult though that attempt is.

I knew I wasn't really getting what you were trying to say!

But, it's crazy how difficult it is to avoid buying Chinese products. I also avoid buying food that has traveled the globe. I was taken aback to find garlic from China in a European supermarket! Garlic! Do we really need to import garlic across the globe? We should outlaw those garlic wreaths as decoration to avoid the need to import garlic!


(Sorry for changing the subject)