>I think the underlying question is "what is the alternative?". Twice a month everyone in the US from the middle class up, has to invest a fairly substantial ch

>I think the underlying question is "what is the alternative?". Twice a month everyone in the US from the middle class up, has to invest a fairly substantial chunk of money. With the FIRE movement this is only growing. Where but in the stock market should that money go? At a certain point, we should just admit that we're taking money from the middle class and using it to play-act private investment while actually socializing investment. We should then go the full distance and actually socialize most of the economy, so that twice a month people are compensated not with abstract, speculative 401(k) prospectuses, but with an equal vote and a dividend in their own workplace. https://www.jacobinmag.com/2017/08/sweden-social-democracy-meidner-plan-capital https://www.jacobinmag.com/2017/08/sweden-social-democracy-m... https://journals.sagepub.com/doi/full/10.1177/0896920513485317 https://journals.sagepub.com/doi/full/10.1177/08969205134853...