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andrekandrelast Saturday at 1:45 AM2 repliesview on HN

  > they invest in retirement and pension funds, who in turn invest the money in businesses to earn a return
maybe not a popular opinion but, this is the original sin imo; putting retirement/pension on the market makes for so many perverse incentives to keep things growing at any cost...

Replies

drtghlast Saturday at 10:12 AM

The system is perverse per se,

you create money based on debt, and eternal growth, and devalue savings, and force people to bet in order to try to preserve savings value, then each ten or fifteen years you allow someones to harvest the rewards of the casino.

And when population start to decrease (on developed countries), you rise the alarm, "more population is needed due to the decline in the birth rate", promoting an eternal growth that would need the resources several planets if everyone had a decent standard of living.

morgan814last Saturday at 2:23 AM

Used to be someone had to crack the whip. Now the workers do it to themselves.