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The Secret of the West
Cosandey

La Faillite Coupable des Retraites (The Self-Imposed Failure of Retirement Systems) (summary) elaborates on the explanation briefly sketched in Le Secret de l'Occident (The Secret of the West) in p.433-434, for the falling birth rates that have plagued developped countries since the 1970s. This evolution was one of the causes for the decline of the Neo-European period (p.389).
What is the cause for the falling birth rates? The answer brought about by the book is: the retirement systems – because they are blind to the number of offspring. The generalizing of children-blind pension systems is the main culprit behind the decline in birth rates. Since they do not recognize the citizens' main contribution to their own retirement (their offspring), these systems have inverted the bottom line of raising children. They have consistently discouraged people to have kids. These biased systems are depopulating whole countries, unwittingly, unknowlingly, while self-destroying...
The reader shall find some media and academic reactions to my book under press clippings.
In a later version of The Self-Imposed Failure of Retirement Systems, en 2020 maybe, I shall explain how a similar evolution took place during the Hellenistic period, and hence led to the collapse of the Greek civilization. (This evolution was a point remaining unexplained in The Secret of the West, p.347-348).
Biased, children-blind, pension systems have been spreading fast to the intermediary third world, depressing fertility in these countries as well. In the end of the book, I suggest a few solutions to get out of the bottleneck of the children-blind retirement systems, without excluding childless people, without either letting natality explode.

La Faillite Coupable des Retraites – Comment nos assurances vieillesse font chuter la natalité
L'Harmattan, Paris, January 2004

November 2003 (printed), December 2003 (in stock), January 2004 (at bookshops)
170 pages, isbn: 2-7475-5595-X, 15€.

Available online at the following European websites:
www.alapage.com (since Dec 2003) and www.amazon.fr (since Jan 2004)
The book might be consulted on the bookshop's shelves at:




Quatrième de couverture (texte au dos du livre):
C'est une faillite morale, autant que financière, qui frappe nos assurances vieillesse. En effet, nos systèmes de retraites sont en grande partie responsables de leur chute. Ils provoquent la dénatalité. Et en retour, la dénatalité les ruine, en un tragique cercle vicieux. Un bref survol historique de la France, l'Allemagne, la Suisse, l'Espagne et les Etats-Unis confirme ce terrible verdict. Chaque fois que les pensions de vieillesse sous leur forme actuelle ont été renforcées, la natalité a baissé. Et vice-versa.
L'auteur analyse le grave dysfonctionnement qui conduit nos systèmes de retraites actuels – par répartition comme par capitalisation – à se saborder, lentement mais sûrement.
Ni la dévalorisation des retraites, ni l'immigration, ni la fiscalisation tous azimuts ne nous sortiront de l'impasse. Seule une réforme ambitieuse, à étaler sur plusieurs décennies, pourra remettre nos prévoyances sur les rails et garantir les pensions.
Une réforme qui vient d'ailleurs de commencer, discrètement, en Allemagne.

Publisher's address:
Editions L'Harmattan
Denis Pryen, Bruno Péquignot
16, rue des Ecoles
75005 Paris
France
www.editions-harmattan.fr
T +33 1 40 46 79 14
F +33 1 43 29 86 20
The book's page
Safety copy of this page (02 Jan 04)