Social Security Privatization is a Disaster in Chile; Anti-Union Politicians and Wall St. Still Want It Here
Editor's note: The following article looks at
The possibility that something similar could happen here is real.
After winning the election,
When the mid-term elections are over this November, expect more calls from anti-union politicians to cut and convert
Mobilizing for a better future: Citizens in
When I last wrote for The Dispatcher from
The privatized social security system was imposed on
A conservative, young Chilean economist who hated unions,
A one-sided propaganda campaign funded by Pinera's
While I was visiting
During this year's trip, I asked many people, but had trouble finding any working person who believed that they will be able to retire with dignity under the private system. They know that the AFPs are ripping-them-off with high fees and confusing rules designed to keep pension payouts as low as possible.
Seamstress
"Our second major mobilization, in 2016, had two million people marching in cities throughout
Two million Chileans marching in their nation of 18 million would be the equivalent of almost 40 million people protesting in the
But that doesn't mean that fundamental change will come easily. Dozens of people interviewed for this article had the same response when I asked them if they remembered Pinera promise that workers would become the owners of
The six AFPs--three of which are totally or partially owned by
"But nothing has changed fundamentally," adds Mesina "and the people of
Despite this reality, the
It turns out that
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