La Prensa newspaper is ridiculous and biased towards pensions

The last attempt of newspaper La Prensa to fulfill its role as an apparatus organic ideology of financial capital, not only showed the biased nature of this means of social communication. He has also shown that he is capable of making a fool of himself when necessary to fulfill his role of attacking the idea of ​​public and solidary social security.

In his announcement on Friday, 18.8 newspaper La Prensa practically praised recent an attempt by the ILO in order to explain and expand his actuarial assessment, noting that it is a document that “does not need additional explanation”. Added to this, the officials of this institution have expressed several ideas that can be saved, to the extent that, according to La Prensa, the ILO dissertation would completely exclude the proposals of the labor sector.

In his announcement on Wednesday, 23 August newspaper La Prensa, Following the voice of his masters, he contradicted himself stating that the ILO “I would submit a biased and incomplete report National Council of Private Entrepreneurship (Conep)“. The question arises from this: what is the cause of this the newspaper decided to make a public fool of herself by contradicting herself?

The answer to this last question is not difficult to find. The problem is that OIT reminded Conep that his proposal to transfer practically all contributors to the system of individual accounts has a huge transition cost, since the state would have to put the entire value of the contributions of those who would be transferred into the new pension model into the new system.

In fact, the ILO it is believed that this cost would be between 4% and 5% of GDP to 2040. As an example of the cost of this, it can be noted that the government would have to pay out between B/.18,552.1 million and B/.23,190.1 million in the period from 2024 to 2028, so that financial capital could establish its profitable business of privately managed individual accounts. Despair of financial capital This leads him to suggest that the cost of the so-called non-contributing pillar (B/. 120.0 at 65) should not be taken into account among the costs.

Which obviously newspaper La Prensa he is not capable of criticizing, because that would go against the interests of financial capital, whether they are biased ILO calculation referring to the proposal of the social sectors. The problem is that the officials of this body arbitrarily assumed that the proposal of these sectors only aimed to return to the solidarity model of social security, forgetting that their proposal contains a whole series of very specific measures to achieve financial sustainability. proposals. This is clear in the document he approved governing bodies of the University of Panama, published under the title “Social security and pension system in Panama: Crisis and social alternatives”, which was accepted by the majority social sectors.

In fact, the ILO she did not consult with the workers about the specific content of their proposals. In doing so, this organization has betrayed its own methodology, which anyone can see by considering the content page 13 of the “User Manual, ILO/Pension Actuarial Model” (2020). It should be added that, in addition, Civil servants of the ILO they erred in using the GDP and inflation projection method, leading them to projections that cannot be confirmed and are biased throughout the analysis.

Therefore, the lack of legitimacy and moral authority is clear newspaper La Prensa comment on social security.