Retirement forced on people who are perfectly capable and willing to work is a terrible thing. Only in a dreadfully twisted social environment can more willing workers be transformed from boon into problem. Sadly, most of us live in just such a society, repleat with forced wealth transfers, counterproductive medical regulations, and the tragedy of the commons writ large upon taxed wealth and shoddy government monopoly services. This is what happens when socialist ideas prosper.
Fortunately, most people want none of it - at least when it comes to goverment employees forcing them out of their jobs:
Many over-55s are set on working until they are in their 70s, according to the HSBC research.
"Longevity is driving revolutionary change in the way that older people think about their later years and, for most, this new chapter in life includes periods of work," comments Steve Troop of the bank.
He says that it is "crucial" that governments and companies across the world adapt their systems so that people will be able to continue working for as long as they want to.
A fixed retirement age is not an idea that appeals to many older people. Of those polled, only 16 per cent supported the idea.
Sadly, those same people who are up in arms when their fortunes wane are happy to outrightly or tacitly support the worst of policies that seem to grant them entitlements. There are always hidden costs - and the hidden cost of any form of socialism is slower progress, higher costs, and worse products. When the field in question is medicine, this will potentially cost you your life and health ... or at least a goodly portion of it.
What drives progress and the creation of wealth? Freedom, property rights, and the rule of law. Diminish any of these, and the prospects for the future become dim.