A REAL socialist's opinion on welfare

[xoggoth]

Goldman: euro could split apart - Telegraph

Also last night, the chairman of the supervisory board of China Investment Corporation, the country’s sovereign wealth fund, put further distance between China and the eurozone bail-out, saying that Europe’s bloated welfare state meant that people did not work hard enough.

"I think if you look at the troubles which happened in European countries, this is purely because of the accumulated troubles of their worn out welfare societies", Jin Liqun said in an interview with Al Jazeera television. "I think the labour laws are outdated – the labour laws induce sloth, indolence rather than hard working. The incentive system is totally out of whack."

[NotAllThere]

"China better than the decadent West". Sounds like the same old communist guff to me.

[sbakoola]

he does have a point though !

[thunderlizard]

The incentive system is totally out of whack

I didn't believe that at first, but so he does. @12:59
Jin Liqun: Europe induces 'sloth, indolence' - Talk to Al Jazeera - Al Jazeera English
that bit's quite funny!

[NickFitz]

Where's the socialist? You quote a member of the Communist Party of China, which rejected socialism several decades ago in favour of a kind of petty-bourgeois pseudo-capitalist nationalism (a bit like Thatcherism).

[Old Greg]

Where's the socialist? You quote a member of the Communist Party of China, which rejected socialism several decades ago in favour of a kind of petty-bourgeois pseudo-capitalist nationalism (a bit like Thatcherism).

Nonesnse. They rejected state capitalism in favour of a kind of petty-bourgeois pseudo-capitalist nationalism.

[EternalOptimist]

Nonesnse. They rejected state capitalism in favour of a kind of petty-bourgeois pseudo-capitalist nationalism.

rubbish. They rejected Maoism in favour of a kind of petty-bourgeois pseudo-capitalist nationalism

[Old Greg]

rubbish. They rejected Maoism in favour of a kind of petty-bourgeois pseudo-capitalist nationalism

Maoism was a variant of state capitalism. The other main variant was Soviet communism.

[Mich the Tester]

I'd have thought Mr Liqun would be delighted that western welfare systems allow unemployed consumers to continue purchasing second rate crap produced by illiterate 7 year olds in factories owned by Chinese communist party officials.

[TimberWolf]

And tomorrow's lesson will be human rights, followed by health care and no more boom and bust eastern economics unlike decadent western failed economies.