The Unspoken Cost of Social Security Reform

You must must must must must read this article in the LA Times by Benjamin R. Barber.

A brief excerpt:
[T]he most profound cost of privatization has been wholly ignored: the systemic cost to our public way of life. By turning a public social insurance and pension policy into a private bet in which personal and private decisions determine who does well and who does badly, we do irreparable harm to our democratic "common ground." […]You cannot simply take justice out of the public realm and put it into the private realm without fundamentally weakening the democracy on which the very possibility of justice depends.

[…]

Privatization is a kind of reverse social contract: It dissolves the bonds that tie us together.
That is the real crisis we face, and these are our talking points.

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