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The do-it-yourself version of pensions is a flop, as many Americans have painfully learned.

William Greider

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William Greider
Age: 83 †
Born: 1936
Born: August 6
Died: 2019
Died: December 25
Author
Editor
Journalist
Writer
Cincinnati
Ohio
William Harold Greider
Pension
Version
Versions
Americans
Learned
Many
Pensions
Flop
Painfully

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Obviously, people with low or even moderate incomes could not afford such savings rates, and even diligent savings from their low wages would not be enough to pay for either retirement or healthcare.
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Everyone's values are defined by what they will tolerate when it is done to others.
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Folks in the bottom half of the economy are already squeezed hard. They will be bloodied and bankrupt if economic policy inadvertently induces a recession.
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Creating a positive future begins in human conversation. The simplest and most powerful investment any member of a community or an organisation can make is to begin with other people as though the answers mattered.
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Democracy begins in human conversation. A democratic conversation does not require elaborate rules of procedure or utopian notions of perfect consensus. What it does require is a spirit of mutual respect-people conversing critically with one another in an atmosphere of honesty and shared regard.
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If US per capita income continues to grow at a rate of 1.5 percent a year, the country will have plenty of money to finance comfortable retirements and high-quality healthcare for all citizens, including those at the bottom of the wage ladder.
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Americans cannot teach democracy to the world until they restore their own.
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A profound political question is suddenly on the table: Must the country continue to give precedence to private financial gain and market determinism over human lives and broad public values?
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The regime of globalization promotes an unfettered marketplace as the dynamic instrument organizing international relations.
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In the deregulated realm of US banking and finance, crime does occasionally pay for its foul deeds, not in prison time but by making modest rebates to the victims.
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If we have wealth, it will be protected from inflation and possibly even enhanced in value.
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People know elections, like television commercials, are not real.
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The burnt odor in Washington is from the disintegrating authority of the governing classes.
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Aside from sending someone to war or to prison, government s ability to make people involuntarily give over their money is its strongest exercise of authority over private citizens and their institutions.
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The quest for homeland security is heading ... toward the quasi-militarization of everyday life ... If danger might lurk anywhere, maybe everything must be protected and policed.
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The problem of modern democracy is rooted in its neglect of unorganized people.
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The point is, the political reporters are the ones who no longer understand the ritual they are covering. They keep searching for political meanings in the tepid events when a convention is now essentially a human drama and only that.
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Efficiency obliterates identity
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The rich nations of the world are acting like ancient usurers, lending money to the desperate poor on terms that cannot possibly be met and, thus, steadily acquiring more and more control over the lives and assets of the poor.
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