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June 25, 2009



Particularly important is that this is aggressive apartheid. Private pensions in the UK have collapsed largely as a result of their being strip mined by the Government.

So even when the private sector offers good pensions these are ram raided and used as black funds by the public sector.


In the US at least, this is because while government employees embraced collective action, the private sector did not. We were all supposed to be John Galt's, remember? We were supposed to be "responsible" actors, investing in our Kipplinger's approved index funds and socking our money into our "best investment," our house.

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