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I agree. After saying that the decisions of companies are unpredictable, it comes to me as a surprise to expect that the decisions of governments are predictabl
by juanci_to 5y ago
I agree. After saying that the decisions of companies are unpredictable, it comes to me as a surprise to expect that the decisions of governments are predictable. Governments and companies are both organizations, both are run with the purpose of profit, and both can be as unpredictable.
In my country, Argentina, the state manages the retirement funds of the people.
And they have been destroying their savings for decades.
People who worked for 45 years get into retirement to learn that all their savings got destroyed by the inflation. There used to be, alternatively, private systems, but they were nationalized so the state took the retirement funds of all the people who trusted in the privates more than in the state, and now they are giving them pennies. So all that people feels that they were right by not giving their money to the state in first place.
Your retirement system might be flawed, but at least you have the freedom to decide what to do with your own money. And, thanks to that, American people is way more savvy about finances and investment, and how money works.
In my country, the average person knows nothing about basic economy, or even about how to save money. Otherwise, no government would be able to keep a 30% base of the votes despite getting us a 50% of inflation year after year.