THE WEBLOG OF KEVIN C. MURPHY: CONJURING POLITICAL, CINEMATIC, AND CULTURAL ARCANA SINCE 1999

Ain't Gonna Work on Maggie's Farm No More.

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"[F]or many investors Thatcher's plan has fallen flat. Many investment funds charged huge commissions and fees, leaving contributors worse off than they would have been in the state system. The stock market collapse four years ago compounded their losses. Meanwhile, many private pension plans have gone bust, after companies drained those plans to pay off rising debts." As England's experience since Margaret Thatcher suggests, Dubya's desired privatization of Social Security will likely cause more problems than it solves. (Somebody tell the nation's business associations.)

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This page contains a single entry by KcM published on April 11, 2005 11:55 AM.

Momentum v. DeLay. was the previous entry in this blog.

Plenty of time, no love or tenderness. is the next entry in this blog.

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