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Politics : Right Wing Extremist Thread -- Ignore unavailable to you. Want to Upgrade?

To: sandintoes who wrote (48854)	4/7/2005 12:16:41 AM
From: Rick	Read Replies (1) \| Respond to of 59480

'A Privatization From Below' By Carlos A. Ball "...While the American worker's return on his contributions to Social Security is less than 1%, the return on investment of the Chilean worker's private retirement account averages 10.7% above inflation, and the resources accumulated in those accounts amount to 70 percent of the country's GNP. Turning workers into investors in the Chilean economy was a brilliant structural change that greatly contributed to increase the annual growth rate of the economy, from 3% to 7.2% in the period from 1985 to 1997. There are some 20 countries that have in some way privatized Social Security. Even India is now considering doing so. To me it is unthinkable that India will be ahead of the United States in such an important public policy issue. I shall end by quoting my old friend José Piñera one last time: "The ultimate lesson of the Chilean experience is that the only revolutions that are successful are those that trust the individual and the wonders that individuals can do when they are free." techcentralstation.com