What Social Security Problem?

George Gilder, senior fellow at the Discovery Insitute, makes the case for an open U.S. economy in Tuesday's Wall Street Journal. A few excerpts:

The key is keeping the economy open to oustide investors as our population ages and as the productive center of the global economy shifts to Asia. Social Security can become a crisis only if we try to stop this process by raising taxes and regulations, debauching the dollar and enacting gimrack spending cuts that focus on defense.

His prescription: Lowering taxes on paryolls and incomes and pursuing the opportunities of global economic growth. Although it's politically expedient to enact policies designed to "protect the American worker," I have to agree with Mr. Gilder. There's no turning back the complex machine that is the global economy. Any efforts to the contrary will only stifle growth and excacerbate any future Social Security shortfall.