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Replying to Avatar Rusty Russell

Australia transitioned away from defined benefit schemes in the eighties and early nineties, and has increased retirement age (not a legal concept here, but when you can access a pension or your benefits) has been increasing too, from 55 when I was young to 67 currently.

I'm not a huge fan of the resulting system in its details, but it's a sign that people and politicians used to care about longer-term thinking. (Interestingly, these reforms were from the Left, not Right, which maybe explains why they happened?).

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John Christensen 1y ago

You can’t stop human nature. Any one of us under the right conditions can turn to evil. No man is good, not one.

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