Wednesday, June 6, 2012

Why Nations Really Fail

It's when their voters live in a fantasy land (aka, social justice) as France demonstrates;
France's new socialist government cut the country’s retirement age in the face of the eurozone’s deepening crisis, citing “social justice” to explain a move that goes against austerity efforts across the region.
Workers who entered employment aged 18 will be able to retire at 60 rather than 62, under the decree agreed at a cabinet meeting on Wednesday.
The decision follows pre-election promises from the new president Francois Hollande to reverse the rise in the retirement age introduced by his predecessor Nicolas Sarkozy in 2010.
Unlike voters in Wisconsin, who last night voted against the 'extractive institutions' known as public employee unions who'd staked almost everything on recalling Governor Scott Walker.

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