The notion that ageing populations act as a drain on national economies, coupled with alarm over their size and longevity and fears of pension scarcity, have been used as a rationale for pension privatization in developed countries. Pension privatization, however, is largely driven by opportunities to open up new markets and increase the flow of capital. As Minns and Sexton (2006) conclude, "if there is a crisis of too many old people, it is one of too many people in poverty in their old age, both now and in the future.