Pensions and Power. The Political and Market Dynamics of Public Pension Plans

dc.contributor.authorKolasi, Erald
dc.date.accessioned2023-05-24T20:33:18Z
dc.date.available2023-05-24T20:33:18Z
dc.date.issued2022
dc.description.abstractThis paper uses the theory of ‘capital as power’ to analyze the struggle over public pensions in the United States. While mainstream commentators claim that public pensions must be ‘reformed’ because they are ‘under funded’, I argue that the metrics used to make this argument are unsound. Instead, the push to privatize public pension systems is driven less by actual funding problems, and more by the desires of elite investors who seek to control pension capital and reap the enormous investment fees associated with it. I propose that the deconstruction of public pensions is part of a larger effort to undermine collective action, so as to remove resistance to dominant capital.en_US
dc.identifier.citationPensions and Power. The Political and Market Dynamics of Public Pension Plans. Kolasi, Erald. (2022). Review of Capital as Power. Vol. 2. No. 2. June. pp. 46-80. (Article - Journal; English).en_US
dc.identifier.urihttp://hdl.handle.net/10315/41153
dc.language.isoenen_US
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International*
dc.rights.articlehttps://capitalaspower.com/2022/06/kolasi-pensions-and-power-the-political-and-market-dynamics-of-public-pension-plans/en_US
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjectderegulationen_US
dc.subjectdominant capitalen_US
dc.subjectpensionsen_US
dc.subjectprivatizationen_US
dc.titlePensions and Power. The Political and Market Dynamics of Public Pension Plansen_US
dc.typeArticleen_US

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