The ultimate argument against privatization.
It’s not the clear and simple proof that Social Security isn’t in anything remotely approaching a crisis; it isn’t the accounting shenanigans that will make us all look back fondly on Enron’s best practices; it isn’t even Daniel Davies’ immortal question, just as important to ask now as it was then:
Can anyone give me one single example of something with the following three characteristics:
- It is a policy initiative of the current Bush administration
- It was significant enough in scale that I’d have heard of it (at a pinch, that I should have heard of it)
- It wasn’t in some important way completely fucked up during the execution.
These are all important arguments to make, and we should go on making them, as often and forcefully as we can, but much as with the war on Iraq, we’re rapidly approaching a world in which there are two kinds of people: those who know this to be true, and those who know, but choose to believe otherwise.
No, the ultimate argument against mandatory private retirement accounts is this: do you have any idea how much more junk mail you’ll be getting? From multinational financial corporations and fly-by-night penny-stock–pimping quasi-firms? Lurid brochures and badly written come-ons, envelopes tricked up to look like overnight deliveries with that stupid handwriting font misspelling your name in the corner, Kipp, I thought you would appreciate a look at this, Mr. J.K. Manly, you could be making thirteen percent, Ms. Beezel Lee, have you thought about your retirement account? Dire red-inked envelopes with bold block letters RE: YOUR RETIREMENT ACCOUNTS IMPORTANT OPEN IMMEDIATELY, anonymous cheap white envelopes hoping to sneak past your first brute-force Bayesian filter, your own goddamn bank shoving ten-page slick-papered prospectuses financed by your ATM fees through your mail slot every week or so, just because they can.
My back-of-the-envelope calculations suggest a best-case scenario would merely be an increase by an order of magnitude or so in pieces of mail delivered. Do we really want this brave new world?

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What goes through your mind thirteen billion dollars : thirty million dollars :: political capital : ?









— Ginger Stampley Dec 30, 07:16 AM #
In other words: dude, you're being all snarkylaughy about this junkmail rejoinder but if you just had a good astroturf machine going you could kill the whole privatization scheme with this alone, stake through the yeeha heart! Stand up and testify!
— T. V. Jan 4, 04:44 PM #
And I realize it's a measure of how much hope we have left that I can still whine about such things. Libertarians, I think, are made of sterner stuff.
But T.V.'s got a mighty point. I've done what I can so far. Anybody got a spare six or seven digits in a checking account somewhere for an anti-junkmail junkmail offensive?
— --k. Jan 4, 05:41 PM #