SOCIAL SECURITY: AN OLD AND CERTIFIED TRADITION IN THE AMERICAS
You may not know but Chile tried to reform their system -- abolishing it 100 percent. They failed and now, years later, they are trying to make it alive from a near-death syndrome: it could not die out totally because there were too many impediments, just too many.
However, if the United States of America come some day to destroy their own SS system, I am positive: wolves and old foxes, like this richly sick octogenarian, will fall into it like maggots in a dead corpse.
In Brazil our system runs a millionnaire hand-out system, for sure, without any backing other than fed money. To me this is totally unwise, as it was unwise for the big system financing large building construction in Copacabana, so well done that they repeated the feat in building Brasilia, the new capital of ours, ten years later.
In both cases, while the system held well, it passed on to new generations a major public debt which, similarly to the North American, will never -- NEVER -- be paid off.
I fear that the system of Mexico, Venezuela and Peru are much similar to both Brazilian and North American.
The fact is that once they are bitten deep, probably privatization will ensue and the end of it will be pretty near.
It will be a debacle to Brazil, if the American Social Security system goes down under. Large capital sectors will see in it a good example and the results will be damaging to all of us around the whole American Continent.
No wonder it is a frequent scenario when we see TV almost subtle notes about how bad our system does, on local TV stations, sold out to capital and foreign enterprise. Makes you wonder why Chavez did away for sure with local conservative, read far right TV stations in Venezuela: he had a good reason to do so, since they plant into people's minds the seed of doubt, hate and revenge. Castrating Social Security everywhere is a clear cut case of it.