Banking On Death: The Uses And Misuses Of Pension Funds; Author: Blackburn, Robin; Hardback; Book

Author: Blackburn, Robin
Reissue; Hardback; Book; Illustrations
560 pages
Published: March 2001
Verso
ISBN: 1859847951

The onset of globalisation and the ageing of populations have encouraged efforts to privatize the funding of retirement, putting at risk public pensions in many countries and giving pensionand insurance funds great financial power. Private funds enjoy vital public subsidy, in the shape of major tax breaks, yet typically fail to give their policyholders a say, or subscribe to wider social objectives.Banking on Death traces the history of pension provision across the advanced capitalist world. It concludes that tax concessions should be confined to those funds which adhere to socially committed and sustainable investment programmes, preferably on a not-for-profit basis. Blackburn offers a lucid survey of the debates on the future of social security in the United States and theThe Uses and Misuses of Pension Funds. TITLE CHANGED; PREVIOUSLY ANNOUNCED AS 'PENSION POWER'. The onset of globalization and the ageing of populations have encouraged efforts to privatize the funding of retirement funds, putting at risk the public provision of pensions in many countries and giving pension and insurance funds great financial power.