Or how to benefit a small number of trade-unionists at the cost of a large number of pensioners
And via Amit Varma comes this revelation.
For the left, of course, what matters is how good their rhetoric sounds and not how well their policies work…
And then, holier than thou and brimming with sanctimony, they will imply that by questioning them we are doing a disservice to the poor of India. Indeed. [India Uncut]
The Left parties arm-twisted the Indian government to increase the interest rates on the public Employees Provident Fund (EPF). This largely benefits relatively well-paid trade-unionists who form a very small percentage of the workforce. But in the process, the Left parties have stalled pension reform leaving a vast majority of the lower-income workers outside the EPF’s security net.