14.11.2011 - Smart Investor: The market is meritocracy in action
The head of the Chinese Sovereign Wealth Fund, Jin Liqun, caused something of a stir recently with his comments on the European approach to welfare. For those of you who missed it, this is what he said: 'If you look at the troubles which happened in European countries, this is purely because of the accumulated troubles of the worn-out welfare society. I think the labour laws are outdated.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...............................................Full Article: Source
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