And Now, a Word From Chile … – New York Times
The shining example of privatized social security is encountering serious problems taking care of their elderly who don’t have enough to live on. Now, hopefully it is obvious that the idea of privatization of social security was, at best, a well mannered (but poorly planned) desire to reduce government spending (and taxes) and, at worst, a cynical attempt to enrich the few on the backs of the many with no regard to the welfare of the most vulnerable in society.
If the debacles around medicare haven’t killed the privatization monster, hopefully this will (although, I kinda doubt it, the right always believes that they know better than anyone else).