public spendings

In this lecture, Dr. Kristian Niemietz revisits the World Bank’s influential 1994 report Averting the Old Age Crisis and compares its recommendations with today’s reality. Why have most countries failed to embrace funded pension systems?

Introduction The UK government’s November 2025 Budget supplied ample corroboration of our report published by IREF in October 2025 (‘the report’), showing that the governing Labour Party plans to greatly expand the state’s direction of the UK economy.1 The means-of-control will be a decade-long programme of spending on Net Zero, industry, and infrastructure, partially funded […]