Friday, January 14, 2005

They tried it...

The Brits already tried replacing their social safety net with a private-savings scheme, as the new Bush administration is hoping to do. How'd it turn out? A Bloody Mess, says this Financial Times writer in The American Prospect. Thanks to Paul Krugman for the tip. Both pieces are worth your attention.

Here's a glimpse at how the Bush-Rove bunch are organizing their effort.

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