I came across A Working Model About Social Security.
Thirty years ago, a young Jose Pinera, who had earned a Ph.D. at Harvard, was Chile's labor minister. He saw the coming disaster in the government old-age pension system.
Inspired by an idea from the late Nobel Prize winning economist, Milton Friedman, he developed a solution that empowers workers and gives them real financial security. Pinera-type social security systems have now been adopted by more than 30 countries and cover several hundred million people — for a very simple reason — it works.
The system sounds a lot like what President Bush proposed and the Democrats in Congress killed. Later those same Democrats stood up and shamelessly cheered when he accused them of doing nothing to save Social Security.
Conservatism is making a comeback in Europe - for another very simple reason - it works. It's too bad the political leaders here at home have forgotten that.
