“If a society neither saves nor has children, it will go hungry in old age.”
We are currently witnessing an increasingly dramatic escalation of a problem that has been known for decades: An aging society without a sufficient number of young people poses challenges for the entire pension system. The central question is: How long can a model based on steady growth and redistribution remain sustainable?
“You cannot base an industrialized country’s energy supply solely on wind and solar power.”
Prof. Dr. Dr. Hans-Werner Sinn is one of Germany’s most influential economists and has been analyzing the structural weaknesses of Western economies for decades. In this interview, he explains why the pay-as-you-go pension system is reaching its limits, which political mechanisms are preventing necessary reforms, and why rising government debt merely shifts the burden further into the future. His perspective combines economic theory with clear, often uncomfortable conclusions, thereby providing answers to the most pressing questions of our time. He also addresses the limitations of green energy policy and the opportunities that lie in Germany’s past.
*Video only in German
SMP LeaderTalks
