AFJP system (AFP) celebrates 30 years of existence in Chile.
The President of the Association of AFP posted on his blog of the newspaper El Mercurio a panegyric on the system where, besides praise, we devote a paragraph: " ... You have to add or remove resources to those accounts improve or decrease the amount of pension holders, unless recourse to mechanisms more "sophisticated" as used by the Argentine government to appropriate $ 30,000 million from 9.5 million workers in that country. "
Comments, as in any blog that is good (cof. .. cof ...) clarify a little background, for example Gumuncio Manuel says, "In Argentina was a failure, was ordered to pay the state in Peru have modify because so many times it is virtually a state institution. "
course there are commentators who defend the system, such as Andrés Villavicencio:" While there where AFPs improve the system, I think the complaints of people in this forum are unwarranted. There are people whose pension does not reach them, good as it is the pension they deserve in terms of accumulated savings. If they wanted but had to save more. I wonder how many people you want back to the old system to take undeserved pensions in exchange for destroying the future of their own children . "
Our blog Chilean friends Jaque Neoliberalism also offer us an analysis , fuller, and more contextual than AFP scheme actually is. it was titled "A 30-year largest embezzlement in the history of Chile " and a few paragraphs we play, " Despite the dire predictions of the neo-liberals, there were no complaints by the "ownership" of pension funds of 9.5 million Argentine workers that leaving aside the rhetoric of neoliberalism, means simply that the Argentine pension system returned to the public system, it should never have left.
In short, texts should be read for when the witches return to try to sell their snake oil.
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