Latin America: World financing and national pensions

Abstract

The hegemony of the financial system has brought in long-term crisis to developed countries. It has threatened, deepened and expanded their crisis, putting them at risk of falling off an economic, political and social cliff. This crisis comes after an uncontrolled and unregulated financial system. In this context, the capitalized pension funds, imposed on the people of Latin America, have resultedin losses and precarious conditions for them.