The Nation - Selected Editorial
Max Sawicky
sawicky at epinet.org
Mon Aug 10 07:55:01 PDT 1998
>
>Surprisingly good page one article in today's Wall Street Journal about the
UK's catastrophic experiment with privatizing public pensions, i.e.:
"Financial Flop: Social Security Switch in UK Is Disastrous; A Caution to
the U.S.?; Many Britons Suffer Losses on 'Personal Pensions'; Insurers Have
To Pay Up; Tab May Reach $18 Billion."
>
There was also a good one in the Washingtin Post
this past week-end. The UK system has already
proved out as a major mess.
MBS
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