Will living longer have a negative impact on social security and retirement benefits?
The whole structure of social security and retirement will be completely different in the frustrating world because first of all, people will simply not be able, economically, to retire at sixty or sixty five forever. But secondly they won't want to because their point of retirement is what society gives to people who are going through hell because it is essentially feeling sorry for them and people won't be going through hell any more. Now you know if your a journalist for example and you have a career of forty years in journalism than you may actually have no journalism when you are sixty or sixty five and you may want to retire but then twenty years down the road you are still obviously able to keep up with your grand daughter on the ground floor, and golf may have lost its nobility value; and you barely want to go back and do something else with your life. So I think that we must give much emphasis on retraining and education. As you know you can go back after being a rock star or a scientist for forty years and it will be a completely different structure. But it would be an economically favourable one, in which the proportion of people in work would be higher, as now it feels retirement as a period thing.