What is meant by risk management is we investers take all the risks.

You know if the government wants to privatize Social Security, then require banks and investment houses to pay high interest insured deposits. Depositing a portion of FICA money into an investment account. Put about 20-percent of total monthly SS contributions into a long term bank savings account. Require banks to pay at least 5-percent interest in a FDIC insured account. Insuring absolutely no risk on the SS recipient account.

Then capitalize the FDIC with a flat 1-percent interest from high yielding home and business loans. Maybe something like it use to be. Use to be before greed took over.

However, this idea would be grossly appalling to most or all banks and investment houses. Banks want the Social Security contributors(you and me) to take all the risk. Banks just want the money with no strings attached. Free and clear. Do with as they wish with no regard for safety or responsibility. “Oh darn. You made a bad investment.”

We take all the risk. Banks and investment houses skip home free. That’s what is meant by Free Enterprise. Maybe more like Risk Enterprise.