Wednesday, April 20, 2005


Chinese Pension Crisis Looms

This story at USAToday should dispel the notion that the communist giant is an economic juggernaut. "In 1970, there were eight Chinese workers for every retiree. Today, there are about six. By 2040, there will be just two — fewer even than in the far more prosperous U.S., where the ratio is projected to be 2.3 to 1."

Get out the pitchforks, "Ultimately, the pension issue becomes an issue of social instability. The government sees that, they can't help but see that. But they don't know what to do."

Belatedly -- for gosh sake, the Chinese are still under a communist government.

Commies always have a solution for such problems: "Retirees? I don't see no stinkin' retirees!"

In commie-land, problems like that just "disappear."
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