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The case for scrapping state pensions

A personal matter has been transformed into a public ritual, a permanent political headache, a set of poorly performing systems and an economic black hole.

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Institute of Economic Affairs and Erik Lidström
Oct 01, 2026
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Erik Lidström is a Swedish physics PhD and independent author of cross-disciplinary books on education, political economy, classical liberalism and evolutionary biology, including Education Unchained and Evolution and Social Order.

After a century or more of government involvement, retiring has become a waypoint in life, a sort of ceremonial step; it has become “something we do” and that we do at some particular government-decided age. The following is an attempt to cut through the maze and to demonstrate that, for all our sakes, pensions and retirement should cease to be a government concern.

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