Sunday, December 12, 2004
Drum Scores on Social Security
Kevin Drum redeems himself a bit in my eyes by summarizing quite nicely why the pension privatization scam has been a disaster worldwide. Keep these URLs handy and send them to your friends!
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UPDATE: It's not just Chile and Sweden. Privatization has been a disaster everywhere it's been tried. Here's some links I found tooling around the Googleverse:
#1: The Role of Social Security Privatization in Argentina's Economic Crisis
#2: The Thatcher privatization scheme hasn't worked out well in the UK
#3: And here's an article on privatization's nasty effects worldwide.
More blogs about politics.
