José Piñera was in charge of the privatization of the Chilean Social Security system under Augusto Pinochet. He later became the co-chair of the Cato Institute's Project on Privatization in 1995, renamed in Project on Social Security Choice in 2002. He ran for President of Chile in 1993 obtaining 6% of the vote. Privatization (sometimes privatisation, denationalization, or, especially in India, disinvestment) is the process of transferring property, from public ownership to private ownership and/or transferring the management of a service or activity from the government to the private sector. ... The Republic of Chile is a country located on the southwestern coast of South America. ... Social security mainly refers to a field of social welfare concerned with social protection, or protection against socially recognised needs. ... General Augusto José Ramón Pinochet Ugarte1 (born November 25, 1915) was head of the military government that ruled Chile from 1973 to 1990. ... The Cato Institute is a non-profit public policy research foundation (think tank) with strong libertarian leanings, headquartered in Washington, D.C. It is named after Catos Letters, a series of early 18th century British essays expounding the libertarian principles of John Locke. ... 1993 is a common year starting on Friday of the Gregorian calendar and marked the Beginning of the International Decade to Combat Racism and Racial Discrimination (1993-2003) Events January January 1 - Czechoslovakia divides. ...