The Problem With A Purely Collective System

The Unions May Continue To Decline, But If They Do, It'll Be Their Fault.

I Would Not Be Opposed To Devising A New System Of Pensions, In Which One Part Was Based On Collective Provision, But Which Also Gave Incentives For People To Take Out An Additional, Personal Plan.

Fundamentally, American Society Is Composed Of Individuals Who Don't Go Out Of Their Way To Do Each Other Favours.

The Problem With A Purely Collective System Is Not Only That It Requires Economic Growth, And The Right Sort Of Demographic Trends, But That It Prevents People Thinking About Their Futures In A Responsible Way.

The Problem Of How We Finance The Welfare State Should Not Obscure A Separate Issue: If Each Person Thinks He Has An Inalienable Right To Welfare, No Matter What Happens To The World, That's Not Equity, It's Just Creating A Society Where You Can't Ask Anything Of People.