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So the US is kinda forced to keep questionable business practice alive so pension funds are safe? I don't know why this sounds so dystopian
by herbst 4y ago
So the US is kinda forced to keep questionable business practice alive so pension funds are safe?
I don't know why this sounds so dystopian
- vineyardmike 4y agoNo. They’re forced to keep businesses safe from outside destruction, not market forces. Basically the same as individuals. The gov also maintains a military for similar reasons. I said this in the reply. They don’t want a foreign gov to torpedo an important business for politics but they don’t need to protect against market forces. There’s no market risk to apple disappearing overnight. If it’s over a long time scale, pension funds can self manage. It won’t implode the market.