Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/260600 
Authors: 
Year of Publication: 
2022
Citation: 
[Journal:] Review of Capital as Power [Volume:] 2 [Issue:] 2 [Publisher:] Forum on Capital As Power - Toward a New Cosmology of Capitalism [Place:] s.l. [Year:] 2022 [Pages:] 46-80
Publisher: 
Forum on Capital As Power - Toward a New Cosmology of Capitalism, s.l.
Abstract: 
This 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.
Subjects: 
deregulation
dominant capital
pensions
privatization
public pensions
JEL: 
G2
H55
P16
J3
URL of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article
Document Version: 
Published Version

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