> It looks like all the liberals, from the think tanks to the AFL-CIO, are all
>going to line up behind Clinton's softer privatization.
There's an economics column in the biz section of the Boston Globe every day. Some time back, the topic was 'does the market really rise over the long term?'. The columnist remarked that while this is, of course, the conventional wisdom of Wall Street and other assorted touts, in fact nobody with good sense really believes it, because nobody will back the statement with money in the form of an insurance policy at a reasonable premium, even when hedged against general economic collapses and similar. They judge the risk to be too high.
That's what makes the idea of forcing individuals to bet their futures in the market such a non-starter -- there's no guarantee people won't lose their shirts even if they do everything right.