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Bogár, László
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2 articles of this author have been cited in the European Press Review so far.
László Bogár on people as nature's great affliction
The oil disaster in the Gulf of Mexico testifies to mankind's destructive power, writes economist László Bogár in the conservative daily Magyar Hírlap: "What we are describing as an environmental disaster is really a profound moral and spiritual crisis for mankind. ... The Earth got along fine without mankind for billions of years and will continue to do so once mankind has disappeared. ... True, it will remember us for some time. According to a recently published study after mankind has died out it will take three thousand years for all the poisonous chemical residues we 'presented' it with to disappear. Its most lasting memory of us will without doubt be the nuclear waste that will continue to emit radiation for millions of years. ... Mankind's greed for profit is insatiable and makes it capable of anything. ... The oil spill in the Gulf of Mexico is only receiving such intense media coverage because it affects the world's most powerful and richest nation. ... But unfortunately it is only too clear that the gigantic machinery that governs the world's oil reserves is far more powerful than any government."
» full article (external link, Hungarian)
More from the press review on the subject » Security Policy / Crises / War, » Energy, » Corporations, » U.S., » Global
Private pension schemes won't solve demographic problems
Private pension schemes are a risky solution to the demographic crisis in the West, the conservative daily Magyar Hírlap writes: "The private pension system appears to offer a way out of the predicament, but this is deceptive because private pension funds invest the payments made by future pensioners in the shares of transnational companies that make extra profits in regions of the world where on the one hand the birth rate is high while on the other wage costs are extremely low. ... The problem with this is that you can also lose in this pyramid game because those regions are increasingly rebelling against this strange 'division of labour'. Last year at a global level ... around a third of all savings in private pension funds simply 'disappeared'. The loss amounts to around five billion US dollars. ... Considering that in the long-term there will be many pensioners and fewer active people (because fewer children are being born), private pension funds also threaten to collapse."
» full article (external link, Hungarian)
More from the press review on the subject » Hungary, » Global
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