Yes, there are examples of countries that have successfully implemented the practices outlined in the content. For instance, the United States has a social security system where over 99% of revenues go toward benefits and less than 1% for overhead. This is in contrast to countries with privatized systems like Britain and Chile, where large fees are charged by investment companies, reducing net returns and increasing risks. However, it's important to note that success can vary depending on various factors such as the country's economic conditions, government policies, and societal factors.

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Arguing with Zombies: Economics, Politics, and the Fight for a Better Future

“Zombie ideas” simply refuse to die despite mountains of evidence to disprove them. How do you fight them? Paul Krugman, Nobel Prize winner in Economi...

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The economics of social security is not too complicated: over 99% of social security's revenues go toward benefits and less than 1% for overhead. In countries with privatized systems, the fees are far higher. In Britain, alarm over large fees charged by investment companies led to government regulators imposing a "charge cap." A system with British-level management fees will reduce net returns by over a quarter while increasing risks. Worse, in countries with privatized systems like Britain and Chile, government spending is still necessary to avoid widespread poverty among the elderly.

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Yes, there are examples of countries that have successfully implemented the practices of social security economics. One such example is the United States, where over 99% of social security's revenues go toward benefits and less than 1% for overhead. This is in contrast to countries with privatized systems, such as Britain and Chile, where management fees are higher and government spending is still necessary to avoid widespread poverty among the elderly.

The theme of social security in 'Arguing with Zombies: Economics, Politics, and the Fight for a Better Future' is highly relevant to contemporary issues and debates. The book discusses the economics of social security and compares it with privatized systems in countries like Britain and Chile. It highlights the inefficiencies and risks associated with privatized systems, such as high management fees and the necessity of government spending to prevent poverty among the elderly. These discussions are pertinent to ongoing debates about the sustainability and effectiveness of different social security systems.

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