Jacobin Radio: 50 Years of Chilean Politics w/ Marc Cooper
Jacobin Radio
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The Chilean Pension System Is Hated by Everyone, Okay?
The Chilean pension system is hated by everybody, including part of the business class. The workers have 13% of their check deducted every month by their employer who sends the money to a private stock brokerage which is picked by the worker. Unlike an American social security account, you cannot see the total how much you've got in the account. It doesn't work that way.
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Transcript
