Nathan, Bill Bradley, CALPERS, and the Left

Doug Henwood dhenwood at panix.com
Sun Jan 30 13:22:39 PST 2000


Nathan Newman wrote:


>And in Europe, a very different set of circumstances may make them less
>admirable -- a point I noted in a different context of why the Swedish
>worker funds might have had a less progressive effect than expected.

Weird. Sweden is a country with a long socialist/social democratic position - and its wage-earner funds were still hijacked by big capital. The U.S. is a country with little history of socialism/social democracy, but a long history of mutual funds and private pension funds. Why should it be harder for big capital to hijack such funds here than there?

Doug



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