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Activism See other Activism Articles Title: Europe's labour laws and welfare systems make workers lazy :China finance chief Jin Liqun said Europeans should stop 'languishing on the beach' and work harder to alleviate the eurozone crisis Jin Liqun said Europeans should stop 'languishing on the beach' and work harder to alleviate the eurozone crisis China has accused European workers of being ‘slothful’ and ‘indolent’ after refusing to put any of its vast resources into rescuing the euro. The head of the Chinese state’s overseas investment arm said he would only help Europe if it reformed its ‘outdated’ labour laws and welfare systems. Jin Liqun, chairman of the board of supervisors of China Investment Corporation, said Europeans should stop ‘languishing on the beach’ and work harder it they want to drag the eurozone out of its downward spiral. And he said Europeans have become too reliant on state handouts and should stop looking to outside sources to tackle the debt crisis threatening the euro. The broadside will deal yet another blow to Europe’s efforts to prevent the crisis in Greece from tearing apart the single currency. At last week’s G20 summit of the world’s largest economies in Cannes, China rebuffed requests to put its financial might behind a comprehensive rescue plan to shore up the debt-laden countries on the eurozone’s periphery. European leaders had hoped the world’s second largest economy would help underwrite a significant expansion of its £380billion bailout fund. But Mr Jin scotched any prospect of China coming to their aid with a candid critique of European working practices. In an interview on the Al Jazeera TV station, he said: ‘I think if you look at the troubles which have happened in European countries, this is purely because of the accumulated troubles of their worn-out welfare societies. ‘Labour laws are outdated, the labour laws induce sloth, indolence rather than hard working. The incentive system is totally out of whack.’ Mr Jin, a Boston University graduate, said root-and-branch reform of European welfare systems was urgently required. Mr Jin said generous safety nets discourage the unemployed from finding full-time work Mr Jin said generous safety nets discourage the unemployed from finding full-time work Generous safety nets merely discouraged workers who have lost their jobs from finding full-time employment. He said: ‘The welfare system is good for any society to reduce the gap, to help those who happen to have disadvantages, to enjoy a good life, but a welfare society should not induce people not to work hard. ‘If you look at the European countries over the last five or six decades, you will find this system will have to be adjusted.’ Huge discrepancies in social welfare systems were an obstacle to fostering the closer ties between eurozone members that many economists believe are the only long-term solution to the crisis. Mr Jin said: ‘Why should for instance, within eurozone, why should some members’ people have to work to 65, even longer, whereas in some other countries they are happily retiring at 55, languishing on the beach. This is unfair.’ Comments: not often i agree with the chinese but it's hard to argue with the bleedin obvious. why should china invest in countries that allow themselves to get into such serious debt. it would be just throwing good money after bad the problem western countries have had is that no one will vote for a party that tries to live within it's means (until it's too late) as that involves massive spending cuts and a drop in living standards. you reap what you sow and now we are facing the unpleasant consequences. you can't borrow your way out of debt - something our glorious leaders have been ignoring for decades in the interest of keeping themselves in power. - HAL, Coventry "Europe's labour laws and welfare systems make workers lazy, says Chinese finance chief" Talk about stating the obvious!! Well I would say they destroy peoples lives and bind them up in red tape and hopeless no win situations and cause all kinds of social problems like depression and aggression. - Avarohanam, Reality Post Comment Private Reply Ignore Thread Top • Page Up • Full Thread • Page Down • Bottom/Latest Begin Trace Mode for Comment # 2.
#1. To: Tatarewicz (#0)
And then there's the other extreme as in some Asian countries where your company owns you like a piece of capital equipment which they depreciate until you're worthless and ultimately discarded. I have trouble admiring the Japanese for instance where an employee is expected to devote his or her life to the company, and begin each day with company-mandated exercises and/or kendo practice. I'm not convinced that the complete spiritual, intellectual and physical development is the goal. The company need only to maximize the human ability to duplicate the repeated and exact functions of a robot, for instance. And if the company schedules a fun-in-the-Sun family getaway then you'd better return to work with your batteries charged just as if you were hooked to a trickle charger, like an electric lift truck cell. The Japanese system doesn't produce witty writers like our beloved Erma Bombeck and Dave Barry. Of course if we watch Japanese TV we see many personalities serving as ass clowns that mock themselves and other willing participants, but never mocking the network the way Johnny Carson or Jay Leno have made famous in America. Any such personalty would be a "piece of broken equipment" and have to be looked into. "FREEDOM IS THE MAINSPRING OF HUMAN PROGRESS" and if we were permitted to maximize our potential and keep the fruits of our labors* we'd be happy and healthy and able to lead the world by example once again the way we did before we were enslaved by millions of pages of regulatory gibberish and pompous twaddle. * (both of which are parasitized and/or cannibalized by our government, which the founders would rout at musket point if they suddenly awakened to this American nightmare)
Spot-on article and commentary.
#3. To: Lod (#2)
Thank you.
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