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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