NOT TECHNOCRACY INC. TECHNOCRAT A NON POLITICAL NEO-LIBERAL SOCIAL ENGINEER SUCH AS OHHH LETS SEE MAYBE ........A BANKER The assault on the public, social sphere, including pensions and hospitals, also lacks common sense, (as well as economic sense). According to Losing Ground by Keith Ambachstsheer and Rob Bauer, as referenced in Chapter 6 of Bruce Liveseys Thieves of Bay Street, the corporatization of pension plans basically penalizes the 99 per cent, while serving the short term interests of the 1 per cent. The University of Torontos Rotman International Centre for Pension Management notes that Pension plans generate more returns for investors than mutual funds -- 3.8 per cent more on average. One reason for improved earnings by pension plans is that mutual funds charge such high fees, especially in Canada. This means that the Harper Governments Pooled Registered Pension Plans, to be run by banks, mutual funds, and the insurance industry, will be a disservice to retirees. Public-private financing schemes are also a rip-off for the public. A study of 28 Ontario P3 projects worth over $7 billion found that P3s cost, on average, 16 per cent more than conventionally run projects. One reason for this is that corporate borrowers pay higher interest rates than their government counterparts (plus lawyers and accountants cost another 3 per cent.) huffingtonpost.ca/mark-taliano/technocrats-and-the-assau_b_4022282.html
Posted on: Fri, 29 Nov 2013 20:10:28 +0000
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