The stock market relies upon the war economy

Published: Wednesday, January 19, 2005 at 6:01 a.m.
Last Modified: Tuesday, January 18, 2005 at 10:38 p.m.
One way to stop criticism of Halliburton is to invest American workers' retirement funds in the company's stock. Bush's corporatization of Social Security hijacks dissent by linking secure retirement to acceptance of a stock market that grows increasingly dependent on a war economy.
"Corporatization" used interchangeably with "privatization" refers to the act of giving corporate control (increasingly offshore) to functions once entrusted to the sovereign government of the American people. Corporatization of Social Security, therefore, could act as insidious blackmail for broad acceptance of the radical-conservative agenda.
With most workers expected to risk up to one-third of their retirement contributions to Wall Street investments, millions of Americans may realize - too late - that the success of their Social Security retirement hinges on their ability to remain silent while they watch their brother's job being outsourced, or read that the draft has been reinstated after all.
In Bush's world, Social Security benefits will rely on stock investments that profit only as long as America's military-Industrial-congressional complex thrives - a system where thousands of lobbyists write legislation for Congress to approve, often without having been read. The initiatives of Congress, the Pentagon and corporate boardrooms will grow increasingly indistinguishable.
Through corporatization of Social Security, Bush will have successfully transformed an intended, nonpartisan public trust into war bonds for retirement with the forecast of a bull market with every conflict.
Harold Saive, Gainesville

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