It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
WOWZERS...this is a real eye-opener...how bad can it be that China considers something like this!!!
Chinese leaders to consider welfare for all
March 3, 2009 -- Updated 1243 GMT (2043 HKT)
BEIJING, China (CNN) -- China National People's Congress will consider landmark legislation that would make social benefits universal when it meets Thursday.
Delegates have begun to gather for China's annual meeting of its National People's Congress.
The NPC -- the climax of China's political calendar -- will convene as 3,000 delegates from across the country and overseas gather in the capital, Beijing.
The delegates will represent China's central leadership, the military, every province, including minority groups such as Tibetans, and overseas Chinese.
Landmark social security legislation will be considered that would make health care, unemployment and retirement benefits universal. If implemented, it would mark a major change in the nation's social welfare system.
"Even if they were to put in place the world's greatest social security system and the world's greatest health services tomorrow, it will still take many, many years of testing the system before it has enough credibility to change household consumption patterns," Michael Pettis, a professor of finance at Peking University, said of ongoing attempts to stimulate the Chinese economy.
Originally posted by Hx3_1963
How do you keep that many people happy/safe/quiet/comfortable/fed/ect ?
The US should be very scared of this move, when we cannot finance the budget, stimulus, bailouts, etc. We will become - very quickly - a 3rd world country