The "Investment Comments" Mr. Hummler (http://www.wegelin.ch/xfer/print/pub/kom/kom_255de.pdf) is a strong reading of what was sometimes emphasized in the blogosphere (http : / / arlesheimreloaded.ch / article / meer_von_kleinen_schweizen_hummler). The author brings much to the point that I do not want to summarize here again. The following sentence is underlined. "Second, you have to see that a considerable part of the federal administration and the political elite is not far removed conceptually from what earlier than"
was named national social and fiscal disaster "There are want this phenomenon to some extent also in the intact otherwise fairly Switzerland, and there is also the nomenclature that promote this structure or at least maintained. "
I see, of course, exactly the same. I also wonder who for the Swiss trends more redistribution can avoid altogether. Of primary importance here seems to question why Switzerland is to this day has not fallen so sharply in the redistribution of delusion as some surrounding states. The answer may lie in the local political culture. The parties in Switzerland often honestly believed to still own ideas and voices are not pure maximizer. In our neighboring states but the latter is exactly the case, Prime example is Sarkozy's UMP, for every good idea is to bring votes. This property of the party system would be a system-driver towards more redistribution - to the national bankruptcy (in this sense, I've been always been critical to populitischen action by the SVP, although I share a core concern of this party and feel quartered therefore permanent existential). The politico-economic reasons for the failure of democracy in the direction of more and more redistribution are not new. I am content with
Hummler positions in complete agreement, even if certain things shown somewhat exaggerated. A critical remark would I add, in terms of funded provision. This is one of the two cards more or less implicitly to be sufficient protection against the rigors of the upcoming demographic factors considered redistribution. Which however is so in any case. Fully funded pension is superior to a pay system in many ways, it dissolves but the basic problem that arises when all the same old (in the whole OECD) and there is little new young "contributor" is: the accumulated assets to increase the economic production not, but the resulting outgoing purchasing power allows a redistribution of the institutions of economic production to the pensioners. The purchasing power of the "productive Forces "takes on in relation to the" dissaving from "and that the stronger than that demographic aging is marked. Remedy only to increase the participation in the labor market by more children, later retirement age, etc. The other
Europe Map shows not only the explicit public debt, the implicit public debt. It comes to Switzerland away pretty well. This central statement will, if I have this understood correctly, publish Merz in this or next month, a report, namely the long-term prospects of the national debt . Let's see what it achieves.
