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Are US retirement accounts largely growing on the back of “companies which extract monopoly rent”? That seems outlandish. My iPhone isn’t “rent”, neither is an
by twoodfin 5mo ago
Are US retirement accounts largely growing on the back of “companies which extract monopoly rent”?
That seems outlandish. My iPhone isn’t “rent”, neither is an Nvidia GPU, or an Instagram ad.
- ajb 5mo agoThe argument works at the margin as well, though. Suppose companies deliver value X and also extract rent Y, and defend Y on the basis that it would threaten the value of pensions to prevent it - this is rebutted in the same way.
- twoodfin 5mo agoI don’t get the point you’re trying to make. What if X >> Y? Why should we think otherwise?