It's extractive to the extent the economy at large is extractive. Your index fund invests indiscriminately in profit-seeking enterprises proportionately to thei

It's extractive to the extent the economy at large is extractive. Your index fund invests indiscriminately in profit-seeking enterprises proportionately to their size. A lot of profit-making economic activity is dependent on things like cornering a market for trucks through the chicken tax, scarcity generation in housing through restrictive zoning, etc. etc. - government regulations which, for better or for worse, interfere with the "free market". Want to invest non-extractively? Invest in companies that you truly believe provide value without explicitly engaging in such activities. Most index investing is incompatible with such a thesis. Some index funds try, for example VFTAX.