[H8crilA]

Oh, I didn't mean to imply they work in the sense that they result in better allocation of resources. That I do not know. It's probably a balance problem, for example modern Germany has strong unions and does not experience much shit show because of that. I just meant they're effective at redirecting the capital from capital owners to workers.

Also, yes, the 70s took it over the edge and then we've had 80s, 90s, 00s, 10s all very capital friendly. What will the 20s show? Again, no idea.

This is important to remember when "planning your stock market returns" - do include the 40s-70s period in your analysis! Things are sometimes very very different.