Re: So when will the politicians learn?
Concur.
That said, actually in AU they substantially fixed the pension Ponzi scheme decades ago. And doubled down by refusing to deregulate the banks. Resulting in the undoubted fact that not even the dodgiest of the Australian banks - and some of them make the worst US and UK banks look like pillars of rectitude - came close to collapse in the GFC.
While successive Australian governments of all parties deserve almost zero credit for anything good in the world, I have to give them credit for those two achievements.