José Piñera, a former Chilean cabinet minister who pioneered the privatized pension system and has served as a consultant to many other countries that have implemented it, called the nationalization proposal "just another step in Argentina's 100-year 'road to underdevelopment.'"
Wednesday, October 22, 2008
Argentinian welfare system bankrupt; government plunders private savings
Argentina Makes Grab for Pensions Amid Crisis (Wall Street Journal):
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