Six out of ten of the most prominent Dutch pension funds invest in arms for Libya, claiming they don’t break the law - the UN as well as the Dutch government does the same, so who are they not to earn money on the killing fields? - In other words, the involved pension funds do not feel accountable. Apparently they lack backbones as well as intelligentsia to formulate their own investment principles.
A fund for pensions, one would imagine, thinks of its’ clients who depend on it when they grow old. One might presume that a pension fund is looking for investments that enable the pensionada’s to live a convenient life. The day I reach the age of 80, I probably will need help in the house, maybe I am not able to live by myself anymore and suffer from Altzheimers’ disease, or some other age illness. Whatever it is my generation and me need to sustain our quality of life, it surely has to be accomplished by younger people.
Prognoses point out that this is exactly what we will be lacking in the Netherlands, on the European continent: young working people. These young-ones live in Africa and South America where the majority is young, poor and gladly would learn a job to earn a living.
Now it turns out that Dutch pension funds do not invest in life, but in death. News agency RTL published a research that an unknown number of the 500 funds invest in the arms industry, notably supplying weapons to the Ghadaffi regime in Libya. Machine guns and other shooting garbage to kill and suppress, is what they want to pay our old age with.
Apart from a despicable morality the concerned pension funds show a very narrow view on what should be their mission: keeping quality of life for their clients. Instead of investing in education or health care to enlighten the burdens of old age, the pension funds support the killing of the future labour force. Like in Libya, where the median age is 24 years, as stated by the CIA World Factbook. By doing so, the old people of tomorrow might own enough money to pay for services, but nobody to render these. The European pensionada’s will need an army too, in order to protect their wealth from angry (with reason!) and traumatised survivors out of Africa. How much more destructive can it get?
A fund for people should invest in people.
More on sensible investments: nonfiXe – de kosten van immigratie (Dutch) and Ecolutie – Unconventional Wisdom 6 De economie schreeuwt om migranten (Dutch)
Image: painted skull by Joost Sicking, 1964