this post was submitted on 23 Jun 2026
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People were talking in Brazil about transforming the social security fund from a solidarity model (current contributors fund the pensioners) to a financial model. In the end it's not at all about performance of the pension, but about capitalist control of workers' pensions.
I honestly think the social democrat mindset of relying on the (bourgeois) state to fund any social benefit is doomed to fail. At every opportunity, capitalists try to parasite the pensions and transform them into financial assets.