Mapping the world's opinions

argument top image

What are the conspiracy theories around COVID-19? Show more Show less

Despite all evidence pointing to infected animals at China's Wuhan seafood market as the source of the COVID-19, conspiracies abound. These claims range from international political plot to eccentric effort to undermine the Chinese economy. So, what are the conspiracies around this previously unseen, potentially devastating, illness?

COVID-19 is economically motivated Show more Show less

Money, money, money. Making more, or clearing large-scale debts? Whatever the precise reason, the virus was an economic opportunity.
< Previous (4 of 6 Positions) Next >

COVID-19 is a Chinese government scam to reduce state pension outgoings

The Chinese government has already allowed certain SMEs to back out of established pension obligations and insurance fees to ease the virus' financial burden. Was it pre-empted?
< Previous (3 of 3 Arguments) Next >
China conspiracy coronavirus economics health misleading politics

Context

(ALERT: Visit the WHO for accurate information about the coronavirus pandemic)[1]

The Argument

China's social security and pension funds, even before the COVID-19 outbreak, were under constant strain, especially considering its aging population and the increased dependence upon governmental subsidies. According to the Chinese Academy of Social Sciences, the value of China's pension fund would increase to 2027 then gradually run out by 2035, while the number of elderly Chinese citizens is expected to rise by 100 million by 2030.[2] Now that China has officially allowed businesses and large corporations to lessen or even completely halt seniors' pension plans and securities, many have wondered whether the virus itself was created as an excuse for China to stop the pension plans for millions of people. The government, seeing that they would eventually run out of money for the state-backed securities, devised a global pandemic to forever deny its citizens the pensions they desire.

Counter arguments

The disadvantages for China in devising such a devastating pandemic greatly outweigh the advantages of halting all pensions to elderly workers. There is no evidence to suggest that the pensions themselves posed such an economic and financial risk to the nation of China that they would create such an elaborate ruse to distract from their inability to pay social securities. If they would create such a deadly pandemic, killing hundreds of thousands of people in the process, then why would they not just outright tell the people they are stopping pensions for the elderly? If they care so little about their citizens to create such a huge problem for the world, why not blatantly come out and say what they truly wanted to? The lack of evidence and logical correlation between the two issues shows within this conspiracy theory.

Framing

Premises

[P1] China was under great financial stress because of their government-backed pension system that they saw would run out of money and would collapse under the increasing elderly populace. [P2] The Chinese government needed to distract from their decision and to provide an excuse to slow government funds toward pensions. [P3] Therefore, China created COVID-19 because of the collapsing government pension system.

Rejecting the premises

[Rejecting P2] There is no evidence of any decision regarding Chinese pensions ever being made, and if there was a decision, it could have been made blatantly, without any need for distraction. [Rejecting P3] There is no proven correlation between COVID-19 and the Chinese pension system, and the arguments for such a connection are illogical.

Proponents

Further Reading

References

  1. https://www.who.int/emergencies/diseases/novel-coronavirus-2019
  2. https://www.scmp.com/economy/china-economy/article/3078650/coronavirus-chinas-state-pension-fund-under-increasing

Explore related arguments

This page was last edited on Wednesday, 24 Jun 2020 at 16:14 UTC