(March 17, 2012 at 7:28 pm)mediamogul Wrote: The hand's not invisible anymore.
Goldmann Sach's thinks we are all muppets and is basically giving us their game plan for how they are going to screw us over. Just wait until the Republicans get back into the White House and hand over Social Security to those bastards. Privatized social security? We'll see that hand coming from a mile away!
The Invisible Hand is now the Visible Bitch Slap.
You're confusing two completely separate ideas...
From the perspective of a free market advocate the "privatising" of social security DOES NOT involve a government mandate that we must purchase social security from a specific set of private companies, it means that it is a "private" decision, that the individual chooses how much (if anything) they which to save and in what form. Goldman Sachs would only be involved if an individual chose to invest their money with them - if the Government is forcing people to purchase financial products from a specific set of companies (what you were referring to as "privatised social security") then it has absolutely nothing to do with the free market.
Frankly I'd rather see a public social security scheme than the system you refer to as "privatised social security" even if in reality the wealth that is subverted from either essentially ends up serving the same interests.
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