Today, many economists guess that the global trend of privatizing social security is not a short-term phenomenon and its influence will increase further in the future. In fact, the privatization wave is so strong, that it leads to discussions in almost every part of the world and not only in the countries implementing these reforms. Almost whole world is watching these developments and carefully analyzing the outcomes of these reforms. But why does the situation look like this and why are so many countries willing to change their old social security systems, which have provided retirement...