But this time, it's the other Klein. Good stuff, though, and it includes the Grand Unified Joe Klein vision for domestic policy, which has some interesting nuggets. I'm particularly interested in his explanation -- which he should go into at greater length -- of what the privatized Social Security system looks like in Chile. Its initial funding isn't terribly replicable -- we're not likely to get a big windfall from privatizing industries Allende has socialized -- but parts of their experience are useful. Of particular note is the emphasis on socially responsible investments, like low-income housing. This is something Phil Angelides pioneered with pension plans in California, and both the returns and the social effects were impressive. Add-on accounts that directed a portion of the funds to invest in inner city redevelopment, or renewable energy creation, or similarly worthy goals would be an interesting policy approach indeed.
