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The alternatives to index funds are either that ordinary middle-class people can't participate in ownership of companies at all, or that they have to pay extort
by Analemma_ 4y ago
The alternatives to index funds are either that ordinary middle-class people can't participate in ownership of companies at all, or that they have to pay extortionate fees to fund managers. No thank you.
- bombcar 4y agoThe choice isn't between index/active fund ownership - the question is how to make it so the company is not managed for the benefit of the managers, but actually for the benefit of the owners, however many or few there are. Some companies in Europe have what might be part of the solution, with the union et al having board representation.