Peter Kraneveld

International Pension Advisor, PRIME bv

About Peter Kraneveld

National pension systems, pensions, investments.

Influencer Of

Recent Comments

Aug 30, 2021

La propagande pour parler une langue étrangère a des côtés positives et négatives. Comme yin et yang, ils sont inséparables.

Du côté positif sont les aspects de diversité: les cultures, donc les langues sont valables en soi. Néanmoins, peu de langues sont protégés avec autant de force que le français - il est même interdit d'utiliser une autre langue dans les publicités commerciales sans inclure une traduction en français - tandis qu'il y a pas mal de langues, souvent minoritaire, qui sont beaucoup plus menacé que le français (voir les graphiques montrés par l'auteur.)

Du côté négatif, il y a le nationalisme, courant politique qui est à la source de guerre, discrimination, colonialisme et une esprit fermé en général. Propager une langue peut facilement descendre dans une manque de flexibilité politique et par extension économique. Pourquoi est-il encore interdit au diplomats français de s'exprimer en écrit dans une langue étrangère? Dans le même sens, la propagande facilite une paresse linguistique. Il faut reconnaître l'état lamentable de l'enseignement de langues étrangères en France. Fallait-il remédier ce problème en espérant que son interlocuteur parle français ou en améliorant l'éducation en France ? Je suggère qu'on peut améliorer la situation simplement en réalisant que l'objectif de parler une autre langue est de communiquer et non pas de maîtriser cette langue à la perfection.

Apr 20, 2021

Great journalism, Ms. Clarke. It is absolutely necessary that lessons are formulated and learned and that goes wider even than the deeply moving efforts of hospital staff and their families. In a minimum of words: where each consecutive wave of contaminations is higher than the last one, government has failed. Not only technically, but also in their first duty towards the population: to protect them. The greatest fallacy: lockdowns harm the economy. They do, but  letting the pandemic run is very much more harmful.

Now, I challenge you to do a follow-up on the vaccination campaign. Explore how contamination failure and vaccination success by risk taking are correlated. Look at big medicine as well as the lab technicians developing new techniques. Above all, get deep into vaccine distribution, what worked, what didn't, who decided on risk and who actually took it. My bet is that you will find that the structure of your beloved NHS - national, with a fine and well calibrated grid across cities and agricultural areas, was a great advantage. When a virus knows no boundaries, the virus fighters should not recognise them either.

Mar 29, 2021

At least since David Ricardo, there can be no question that trade and investment are an important, even vital wealth generator. At least since Adam Smith, it is clear that, where the financial effects are more important than the external effects, it is more efficiently conducted by private enterprise than by governments. The exception of external effects is important and goes for other sectors of the economy also.

The upshot of the above is that transactions with large externalities are best regulated, executed and financially supported (including development aid) by governments, while the rest (including mainstream trade) needs a looser set of regulations for smooth operations only. Government's financial support will often be needed to finance the value of the externalities, since classical, transaction-based economic and financial measuring and statistics are unable to measure them, let alone well-being.

ODA is the prime tool to apply a correction for externalities, even if they are negative, such as arms, privacy infringement or tourism. OECD could work on that. There is low-hanging fruit in this area. Trade is a tool for development, but development is not a goal of private companies. Their overwhelming goal is profit or return on investment. Their prime restriction is risk. They do not need much support beyond the incidental education effort to find profit or return on investment. OECD should concentrate on risk.

The poorer the country, the higher the risk. Traders should be able to rely on a system of rule of law, with clear property rules. They need a reliable and fair payment system. They rightly consider corruption as a considerable risk. They consider weak or no consideration of ESG as risk.

More and more, they see non-activity (including no net zero targets, net zero targets after 2050, targets without credibility and targets linked to impossible demands) on climate change as very risky indeed in particular as it is clear already that laggard countries will eventually face prohibitive border controls for their goods and services. These risks, in particular climate change risks, are more important as the trade or investment project is longer term. Yet, longer term trade relations and long-term investments are exactly what most effectively drives development.

Taking risk mitigation as the central factor to stimulate trade and investment in the poorer countries would make OECD action significantly more effective. Such a policy would be an important argument towards the private actors in trade and investment and an impetus for co-operation between private and public parties.

Mar 16, 2021

I am disappointed at how this approach focusses on "educating" the public. While all the relevant points are made, this allows minimisation of the role of the vaccine producers.

In particular Astra Zeneca (AZ) has from the beginning shown a disastrous lack of understanding on how good communications build trust. Its testing programme was considered incomplete. It announced higher efficiency for 1½ doses than for 2 doses, only to retract that later, it made delivery promises it could not keep by a long shot, it was found out too late that the vaccine was not tested on the elderly who were to be injected in the first wave, it did not became clear on how efficient the medication was against new strains - causing large lots to slosh from India to South Africa to ... where, in the end? The garbage can?

Its crude communication on what amounts to re-directing vaccines produced in the EU to the UK showed an unbelievable political ineptness that threatens free trade between what should be natural trading partners. It reacted to the current flap on blood clots by a curt denial that by this time had zero credibility. There is no evidence that AZ learns or improves. This is no way to build trust. On the contrary, it is an explanation of why there are now reports coming out of Germany in particular that people opt out of vaccination altogether, rather than get an AZ shot. 

Jun 30, 2020

Congratulations. This is a superb tool and an example of top class communication. Every politician in an OECD country should look at this - and the Better Life Index - regularly. As Tomas Pikkety has shown, income distribution developments are a clear and present danger to capitalist and mixed societies. Some remarks:

- Elements of the cute design regularly cover text or figures. You may want to test the site on a Mac with Safari.

- I am interested in the stats for more than the top three social spending categories chosen to enhance with extra tax receipts. BTW, since money is fungible, new tax receipts do not necessarily have to be spent on social goals to achieve income re-distribution. How about e.g. lowering sales tax, which would have a net income equalising effect?

- I understand OECD can go only so far with its conclusions. Why not make the code publicly available for those who want to go further (like e.g. Wikipedia)?

Dec 20, 2019

Two messages from a retired granddad, un vieux crouton.

There are in fact many supporters of your movement that are not in your age class. Let me give you my own reasoning as an example. In 2030 my children will be 53 and 51. The easy part of climate change will be over. The path will look attainable and holdout countries will change or become pariahs. Their gardens will be dead and they will be spending more on energy and water. If all goes well and they will not go well without significant change. In 2050, my granddaughters will be 35 and 39. If things have not been arranged, they may be fugitives or slowly cooking to death by over 50°C temperatures. Do I accept that? No way. My message: broaden your support base. A child with a microphone is at least as effective as a child and her grandmother standing hand in hand before a microphone.

Politicians react to masses of voters. Many of those don't support you, which diminishes your political weight, in spite of being right and activist. I think the principal reason is fear of change. That fear is so strong that there is a whole political movement devoted to it: conservatism. Originally, it was something like "if it ain't broke don't fix it". It has become a caricature of that, truly a movement that fears change. Don't attack the conservatives. It is of no use. Learn how to handle their fear of change.

I leave it to you to figure out how my two messages overlap.

Aug 21, 2019

It would have been good to put this article in context by mentioning somewhere that it applies to the US only. Most of its observations apply to the US or can only be understood in a US context. One example. The US does not have a political left. In other OECD democracies, Democrats would be centre-right and Republicans would be somewhere between UK style conservatives and the religious fringe parties.

It is quite important that the contribution is written with the extreme political polarisation in the US as background. Though the UK is moving in the same direction, that background does not exist in other OECD democracies. The fake news issue is but one element of that polarisation. Fake news is what the other side says or writes, unless "my" side says or writes the same. In other democracies, facts and figures have a much larger role in deciding what is fake news. Without the polarisation, the fake news issue would shrink to manageable proportions.

Two elements not mentioned in the article are noteworthy. Concentrating, as the article does, on professional print and TV journalism, journalists are humans. They fail, like all of us, often, more often than we think we do. That is not fake news. Deduct errors and omissions from what is routinely called "fake news" and you are left with dogmatically inspired twists. Solve that by taking away political polarisation and somehow and I doubt there will be much fake news left.

A more serious omission in the article is internet chat sites. Here is where fake news really lives, because there is no fact checking mechanism in place. If you are concerned about fake news, force the chat site operators to do an amount of fact checking and correcting. Don't say it is not possible. If Wikipedia can do it effectively, so can other sites. Don't just write there, lobby something.

Aug 02, 2019

While it is very important to analyse the situation and give it a human dimension with a collection of experiences and anecdotes, there is a next step to be taken: action. I will stick my neck out and propose an action that I would consider picking low-hanging fruit.

OECD governments should have a programme to bridge the gap between diplomas in refugee countries and diplomas in their own countries. OECD could play a catalysing role by making an inventory of diplomas with an analysis of their value. With that background, OECD member states could decide what knowledge is missing to qualify for diplomas they demand. They could organise courses for holders of these diplomas to train them in the shortest possible time for passing the exams required for the diplomas in their own country. These courses would create a feedback-cycle that would continually improve the courses themselves.

This action would unlock knowledge and experience now lost. It would assimilate migrants more quickly. It would be a positive note in the integration process, which is after all a question of "how much  of my own culture do I need to give up?" It would relieve frustration, motivate and give participants a realistic goal immediately. It would support other actions, notably language education. It would contribute to reducing fear of the strangers, thereby lowering resistance from established professionals.