He claims it's "ridiculous" to expect people to save responsibly. Yet it happens in east asia, and it happened historically in the west.
The story is another demo of this curiously common mentality where nobody can be held to account for their choices. You can't say that people are fat because they're slobs with no self control, no, it's fructose, fast food ads, or whatever. The education test results aren't lousy because the kids are dumb and lazy, it's the teachers.
People aren't saving enough or taking enough responsibility in general because we're seeing the end-game result of four generations with a generous public social safety net. I could fix the retirement savings problem right quick: Bring back the poor house. If you want any sort of public assistance you have to live in a big concrete dorm with rows of bunk beds and do menial labor. Make some TV shows about living in one.
The story is another demo of this curiously common mentality where nobody can be held to account for their choices. You can't say that people are fat because they're slobs with no self control, no, it's fructose, fast food ads, or whatever. The education test results aren't lousy because the kids are dumb and lazy, it's the teachers.
People aren't saving enough or taking enough responsibility in general because we're seeing the end-game result of four generations with a generous public social safety net. I could fix the retirement savings problem right quick: Bring back the poor house. If you want any sort of public assistance you have to live in a big concrete dorm with rows of bunk beds and do menial labor. Make some TV shows about living in one.