Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
The argument you are making, that being sheep to be shorn by the financial sector is better than being promised an entitlement that may or may not be paid in full, in dollars that may or may not have substantial purchasing power, is a relative comparison.

The test of the proposition that being part of a voting bloc in a public entitlement program is a weaker position than being a "small investor" for the finance sectors to harvest from is actually quite simple: if it was a weaker position, then the Republicans would not be continually pushing to privatize social security. They certainly are not doing it because it represents a larger slice of the national income for retirees, but because it represents a larger slice of income for those who work in the finance sector.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Tue Feb 10th, 2009 at 12:44:34 PM EST
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