The Chilean privatized system began in 1981, exactly 100 years after Bismarck instituted his system in Germany. It has been 29 years since the system went into effect in Chile so Mr. Pinera now can answer his critics, not only with theoretical arguments, but with hard data. -- The results are remarkable. Chile's citizens have on average experienced a 10 percent per year, above inflation, compounded growth rate in their pension funds for the last 29 years. The result is most Chileans are no longer poor, but are, in fact, "small capitalists."

- Read more in A Working Model by Richard Rahn.

Social security system reform is essential in Europe. The continent's population is aging far faster than the US, and immigration is seen here with general contempt. Getting more immigrants into the labor market is not a politically feasible option for many leaders around the old continent. More important, this would just delay, not solve, the problem -- and perhaps would make it worse as time passes.

So, in the long run, changing the system is the only way to guarantee both economic rationality and public consensus. European politicians have long been trying small, parametric reforms; none of them had the courage to pursue the Copernican revolution that is needed to save peoples pensions, and pump development. Incidentally, this doesn't mean that parametric reforms aren't important. It just means they aren't enough. - Det skriver Carlo Stagnaro om behovet for pensionsreform i artiklen Viva Piñera.

Jose Piñera, der har gjort det til en mærkesag at udbrede det chilenske penisionssytem til resten af verden, besøgte sidste år Danmark. Her findes artikler af Piñera på dansk. (Flere artikler af Piñera kan findes via søgefunktionen på forsiden).

COIN's anden bog er i øvrigt "Fra velfærdsstat til socialstat" af Wilfredo Prewo, der netop er blevet trykt, som vil kunne købes via www.saxo.com, og som handler om behovet for grundlæggende reformer af det, man kan kalde de europæiske omfordelings- og klientskabelses-systemer.