Monday 3 January 2011

Gangster economics, Hungarian style

Governments throughout history and across the world entertain and foster the illusion that they are somehow above the law. Whereas when an ordinary person commits robbery or murder, they should expect retribution and punishment, the government sees it differently.

Thus in Hungary, it announces it is 'nationalising' the private pensions, in other words robbing the private pensions to pay its short-term debts. Ah, these Hungarians, they haven't quite shaken off the years they toiled under the socialist system, one might say. The only real difference, though, is they lack subtlety. Our government does just the same every day of the year, as do all governments. The state is an organised system of parasitic coercion.

Hat tip: LPUK blog

2 comments:

James Higham said...

Thus in Hungary, it announces it is 'nationalising' the private pensions, in other words robbing the private pensions to pay its short-term debts.

Do you think they took lessons from Gordo?

Trooper Thompson said...

I think Gordo stole them because he could. There was no particular reason.