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by darby_nine 670 days ago
Pension plans are nearly gone and the whole point of index funds is to weather volatility. We have unemployment to assist workers (or we would if workers had modern rights to begin with). meanwhile whole draw of market investment to everyone but the shareholders goes tits-up if failure is weathered by the market as a whole rather than the incompetent or malicious actors.

I mean, people will put up with a lot, but eventually they'll realize that the market isn't magic and its continued failure to address our the economic and social conditions can be blamed on a specific enumerable class of person.

1 comments

> Pension plans are nearly gone

Pensions are a large part of public sector compensation.

Ok, as I said they're nearly gone. Unless you think we should tank our society to benefit 14% of the country, or backing pensions with something more reasonable than market forces, there's not much to gain from prioritizing pensions over every other symptom of economic health.