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enlightenedmaster on 03 July 2015
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sc94597 said:

1. Why not? Chile has been successful despite being a South American country. 

why cause the continent is ourtright unstable and has a poor record for civilization

2. Except there is a danger. The social security fund is bankrupt and empty because of politics. It isn't about what there "shouldn't be" it is about what is, and that is. 

well social security should be a deposit fund not a system that pays out of taxes as that is a burden on future generation

it needs to change

3. Don't disagree about the inflation stuff and fiat vs. resource money, but I think it is still valid to look at the actual retirement system itself. 

yup

4. Certainly it can. Remove limited liability and sue individuals who made fraudulent decisions in said corporation. They'd start becoming trustworthy very quickly. Of course cronyism in government prevents that from happening. If government weren't crony however (or it didn't exist) then civil cases would prevent fraud much more than criminal cases do now. 

well yes,but the money once lost to fraud or lost in market cannot be recovered

just look at the way BANKS are gambling again even after the 2008 crisis,its like they are not 1 bit worried

 

civil cases will never prevent fraud cause it can be influenced by money and law is pretty much negotiable with money

5. Unfortunately this is true, but it is only ture because of how entangled government has become in the economy and how bloated it has become itself. If a government were strictly responsible for enforcing contracts and protecting rights it would have less to lose. But still, it is a reality of the current world, but I think that is more motivation to have personal retirement accounts rather than ones in which the government uses as a wallet. 

govenments have always  been the stability on which corporations and trade works may it be world-wide sea being governed by BRITISH NAVY in 19ths Century or suppoting the world economy with a GOLD standard