you are viewing a single comment's thread
view the rest of the comments
[–] 1 point 1 year ago

Sorta, but it neglects to mention the bottlenecks where power concentrates. There are really only 3 companies in the US that manage retirement funds, and they all own a decent bit of each other.

Also 90% of stock is owned by the top 10% of Americans, so average folks retirement funds don't have the power you might naively assume they do.

  • source