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Home Moneta Blog Work harder, work longer

Work harder, work longer

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Oh, I do like this interview with Jin Liqun chief of the Chinese Investment Corp. with over $400 Billion in assets under management; it is Jin that our leaders have taken the taxpayers begging bowl to. "Please Jin, just another few billions to cover Dexia? Who about, giving a hand with Greece"

For me the money quote is:

"The root cause of trouble is the overburdened welfare system, built up since the second World War in Europe - the sloth inducing, indolence inducing labour laws," he said, and added that China will only invest in Europe's crisis-ridden banking system if it can be sure "there are no black holes".

"People need to work a bit harder, they need to work a bit longer, and they should be more innovative. We [the Chinese] work like crazy," he added.

I really could not agree more. As the owner of a company, I meet many people supposedly looking for a job.

In one interview, I asked a young lady why she had left the previous job. She told me she had been "constructively dismissed and was now suing her former employee in a tribunal"

Apparently, this was a recommendation on why I should hire her.

Do watch the interview; Jin is on about 2 minutes in:

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