Capitalism is earning from capital. So Index funds are in fact pure capitalism. Potentially they can benefit the less wealthy as much as the wealthy. For some,

Capitalism is earning from capital. So Index funds are in fact pure capitalism. Potentially they can benefit the less wealthy as much as the wealthy. For some, alike that feels innately wrong. And any fiscal equalizer always feels communist even if it results from free markets. Index funds can also potentially benefit the fiscally naive as well as the savvy. But if this is the objection then it is cherry picking: the same parties rarely object to inheritance which benefits unsophisticated investors on a vastly larger scale.