Chile is one of the world’s economic success stories.
Reforms in the 1980s and 1990s liberalized the nation’s economy and resulted 
in rapid increases in economic growth and big reductions in poverty.
Unfortunately, the current government is pushing policy in the wrong direction.
This drift toward statism has been unfortunate, featuring higher tax burdens, more spending, and increased intervention.
But I’ve always assumed that Chile’s private pension system would be safe from attack. After all, as noted in a new column for Investor’s Business Daily by Monica Showalter, it’s been a huge success.
Chile’s 35-year old private pension program…is working spectacularly well. …savings, ownership, control, responsibility and wealth building…are the pillars of the Chilean Model — and have as their ultimate reward a comfortable retirement, which Chileans now do.
But Monica warns that an ongoing education campaign is necessary to make sure that workers realize the benefits…
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Utopia, you are standing in it! 
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