> And that labor will definitely not be available in 20 years at the level it is today. Pensions being public or private simply change the method of failure: c

> And that labor will definitely not be available in 20 years at the level it is today. Pensions being public or private simply change the method of failure: currency devaluation, raising costs or bankruptcy of the pension system, take your pick. It does not change whether they fail. Indeed but a government at least has some sort of accountability and long term thinking built in. The forces of the market are by nature short-term dominated and are accountable to effectively no one (but a few select billionaires).