Chile’s privatized social security system, beloved by U.S. conservatives, is falling apart – LA Times

Chile’s privatized social security system, beloved by U.S. conservatives, is falling apart

Promoters of privatizing the U.S. Social Security system have never tired of holding up Chile’s privatized program as an example of how this can make workers rich. The trick is that they never ask ordinary Chilean workers and retirees how they feel about it. That may be because they know what the answer would be.