FICTITIOUS CAPITAL, VIRTUAL ECONOMY AND PENSION INSURANCE

A. Kolesnik

Business Strategies, 2015, issue 6

Abstract: In the article, the author considers mandatory saving part of the state pension system from the standpoint of classical economics. It is shown that the said part is linked to the virtual economy; as a result, the state pension system in the existing configuration represents a system of re-allocation of financial resources from employees to those who manipulates with fictitious capital, i.e. to corporations and financial institutes.

Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:aci:journl:y:2015:id:167

DOI: 10.17747/2311-7184-2015-6-4

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