The argument presented here was that if you did NOT have state run collective pension agreements then misery and disaster and loads of starving old people would ensue. The argument was also that we should look to the US to see the horrible effects of this.

And the proof for the immense amount of starving people is evidently that there is 2.3 units more children who's family is below the US poverty line in US than in France.

I fail to see how the supposed horrors have materialized, or for that matter what that graph has to do with pensions. And I also look forward to explanations of where all the starving people are in Iceland. I sure didn't see them where I lived there and whaddayouknow, they have a system with private obligatory pension funds. And the worlds next highest HDI (after Norway, who as a state pension system).

Maybe privatizing the pension system isn't such a horrible disaster after all?