This paper uses the theory of "capital as power" to analyze the struggle over public pensions in the United States …. While mainstream commentators claim that public pensions must be "reformed" because they are "under funded", I argue that … enormous investment fees associated with it. I propose that the deconstruction of public pensions is part of a larger effort to …

In 1980-2005, 11 Latin American countries (out of a total of 20) implemented structural reforms ("privatization") in … defined contribution, fully funded financing, and private management. Initial design flaws and later modifications have … solidarity (Chile). Several countries that privatized their pensions have introduced parametric reforms (Colombia, Costa Rica …