The Economist: Abolish Retirement Schemes
The Economist online today called for abolishing current retirement schemes and starting over. In support, George Magnus argued that current schemes are unsustainable. Opposing, Christian Weller contended that the current system can be put right if we have the will to do it. Voters so far have given the proposal a resounding online victory. By Robert Stowe England June 16, 2009 This house believes that retirement in its current form should be abolished. With that proposition, intended to shock the reader and prompt debate, The Economist , the bright and brassy British weekly, this morning launched a lively online discussion about the design, cost, security and sustainability of current Social Security and other private and public retirement schemes around the world. The proposal was published on The Economist Web site at this location: http://www.economist.com/debate/overview/147 From the launch of the debate, the 'yes' choice had a supermajority of total votes. By the end of...