>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