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domingo, fevereiro 27, 2005

Fascinante história sobre a génese de uma política (policy)

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Twenty-five years ago, Peter J. Ferrara was a Harvard Law School student with what he called "the craziest idea in the world." In a paper he wrote before graduating, he suggested converting the government-run Social Security program into a web of private investments.

The paper caught the eye of Edward H. Crane, a former head of the Libertarian Party who had recently started the Cato Institute, which has a stated mission of encouraging "limited government." To him, Ferrara's idea wasn't crazy at all, but a way to challenge Washington's largest and most revered social program.

With Crane's backing, the proposal by the 24-year-old Ferrara began an improbable journey from the fringes of public policy into the mainstream. Today, far from its origins in the political wilderness, the notion of creating Social Security personal accounts is at the top of President Bush's domestic agenda and stands to spark the year's biggest legislative battle.

None of this would have happened without the persistence of conservative operatives, the explosive growth of the stock market in the 1990s and the eventual adoption of the idea by big business.
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washingtonpost.com

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