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The U.S. has the most dysfunctional healthcare system in the industrial world, has about twice the per capita costs, and some of the worst outcomes. It's also the only privatized system.
Analysts say that one reason Fannie Mae and Freddie Mac were privatized in the first place was to prevent political whims from dominating the mortgage marketplace.
The president and Republicans in Congress have repeatedly promised to revisit Social Security privatization after November. But Americans have already said, loud and clear, that they don't want Social Security to be privatized or dismantled.
As the humanities and liberal arts are downsized, privatized, and commodified, higher education finds itself caught in the paradox of claiming to invest in the future of young people while offering them few intellectual, civic, and moral supports.
The retirement age needs to be raised. A portion of Social Security ought to be privatized, if not all. And there probably needs to be some means testing. It's a Ponzi scheme that's not sustainable.
Torture has been privatized now, so you have obviously the whole scandal in America about the abuse of prisoners and the fact that, army people might be made to pay a price, but who are the privatized torturers accountable too?
TSA needs to be totally changed. I would like them to be privatized.
As more government functions are privatized, we find political leaders defunding the public school system, shifting government funds to the private, for-profit school industry.
What has become clear to many Americans is that the electoral system is bankrupt. As the political process becomes more privatized, outsourced, and overrun with money from corporations and billionaires, a wounded republic is on its death bed, gasping for life.
Funding privatized accounts with Social Security dollars would not only make the program's long term problems worse, but many believe it represents a first step toward undermining the program's fundamental goals.
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