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José Piñera      

Former Minister of Labor and Social Security of Chile

Jose Pinera is the master architect of Chile's socio-economic transformation. While Labor Minister of Chile, from 1978-1980, Pinera won a victory for capitalism and freedom when he devised and implemented what Investor's Business Daily calls "the world's most successful privatized pension system." A reformer with results, Pinera has been called upon for his expertise by President George W. Bush and the United States Congress. He has been featured in The Wall Street Journal, The Washington Post and The Economist.

As founder and President of the International Center for Pension Reform, Pi? has advised many governments on the process of economic liberalization. Pinera's economic initiatives have commenced a worldwide paradigm shift, with seven other Latin American countries and three European countries, including Sweden, following his Chilean pension model. Bipartisan American interest has been shown for Pinera's valuable reforms. Alan Greenspan, the chairman of the Federal Reserve, and Milton Friedman, one of the world's best-known economists, are among those who have expressed support for Pinera's reforms.

Full of passion, and the need to share the success of his country's economic rebirth, Pinera reveals his solution for the United States. With the coming retirement of the baby boom generation and the issues raised by the Enron debacle, Pinera's message of individual responsibility and transparency is more important than ever. From the podium, Pinera's animated presence and international experience give vigor and diversity to complex economic issues, while demonstrating that solutions do exist.

As Minister of Labor and Social Security for Chile, Pinera set up a funded pension system to replace his country's bankrupt pay-as-you-go scheme. This action laid the groundwork for the country's economic revitalization and political opening. As Minister of Mining (1981), he introduced the mining reform that established property rights in this key sector of the Chilean economy.

Pinera is a Senior Distinguished Fellow at the Cato Institute, a non-profit public policy research foundation, where he is also co-chair of the organization's Project on Social Security Choice and is a member of the Advisory Board of the Trade Policy Center.

Pinera holds a masters and doctorate in Economics from Harvard University. He has published numerous articles and is the author of six books

News


José Piñera Echenique: Robbing the State of Its Piggy Bank

Chile owes a debt of gratitude to the Piñera family. This debt may not always be universally acknowledged but most Chileans would readily agree that the Piñeras have played a key role in the country’s politics and economics over the past sixty odd years.

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