[mistrial9]

> 59% of Americans have a 401k or other retirement account

self-reported ? also, substantial numbers of adult people fall into various classifications that definitely do not have such a thing. Are those not counted at all ? also, how is it so precise with no caveats, callouts or error bars ?!

BS

[triceratops]

Gallup is pretty good at polling. If you have a better source, by all means show it.

[bigbadfeline]

Gallup doesn't poll capital but retirement accounts- a lot of those are invested in cash and cash equivalents - CDs, bonds, etc. That's not the capital-as-control which we're discussing here.

More importantly, the 401k-s invested in the stock market aren't capital either but they do provide intermediating third parties with controlling power without any assurance that it will be used in the interest of the account holders - pretty much like bank accounts work.

Thus, 401k holders are not holders of capital, they only notionally own a share of pooled assets which are controlled by third parties for those parties' own ends and connections - mutual funds, banks, etc.

[triceratops]

> That's not the capital-as-control which we're discussing here.

I feel you. I'm saying the exact same thing all over this thread.

> 401k holders are not holders of capital

There's capital and Capital. All 401k holders own capital. But the run of the mill retirement saver has no outsize influence on politics or business beyond what's available to a private citizen. Capital, with a capital C (haha!) controls both.