Desperate Market Fundamentalists in Argentina Raise Retirement Age and Slash Benefits for the Neediest

As many of you know the word “reform” was once a New Deal liberal term for making progressive changes in issuing food stamps, pensions, unemployment. Thanks to the first “black” president, Clinton I, the word reform was used by him to enact slashes to welfare. So this week the Argentine Congress passed “reforms” that raised the age for men and women to collect social security on average by four years.  What these myopic market fundamentalists ignore is what any Keynesian will tell you. If people have to work too hard and too long for lower wages they will not have the money to buy the products that pay for the capitalists’ profits.

Read at WSWS


About Barbara MacLean

Barbara MacLean has worked as an academic and career counselor at California State University, East Bay (CSUEB), Merritt and West Valley Colleges and as a career counselor and manager of the Oakland One Stop Career Center, a public career and jobs center in partnership with EDD. She is a co-founder and editor of Planning Beyond Capitalism.

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