[ExI] those damn greedy workers

[Damien Broderick]

[BillK:

>>California cannot afford the pensions that it previously
>>agreed to pay. The government has also spent all the pension pot...
>
>Maybe, if the government of California had let the people to 
>organize themselves their pension schemes

Can we be sure of this? Isn't it usually the case (looking at recent 
Vast insurance scam/collapses) that "organizing themselves" means 
"paying into some huge pension corporation" and that's at least as 
likely to be looted as the govt's misuse of the supposedly dedicated 
pension pot?

I don't suppose that's inevitable; there's perhaps more incentive, 
and capacity, for a govt to squander the pension pot on programs that 
get votes more quickly, so maybe an anarchocapitalsit or 
anachocommunitarian mix of smaller programs would work better, being 
more closely under the eyes of its owners, the pension-investors. 
Does anyone know of some long-term empirical evidence on this topic?

Damien Broderick