Showing posts with label Pensions. Show all posts
Showing posts with label Pensions. Show all posts

28 January 2023

The Ukraine War: A Double Windfall for Western Capitalism

https://www.france24.com/en/france/20230109-macron-s-pension-reform-necessary-changes-to-an-unsustainable-system

https://www.bbc.com/news/world-europe-50670613

https://www.msn.com/en-gb/news/world/macron-boosts-french-military-spending-by-over-a-third-to-transform-army/ar-AA16z12S

This double windfall for capitalism is most clearly demonstrated by recent events in France. President Macron has announced pension reform. He argues (contrary to the numbers) that the present system is unsustainable and as such he wants to raise the minimum retirement age and expand the contribution requirement resulting in lower payouts for some. The money just isn't there, he argues.