no. i’m trying to oppose conspiracies involving state action to transfer wealth from everyone else to the already wealthy in exchange for no public benefit. it has nothing at all to do with capitalism.

there are forms of investing that require little involvement. they are called savings accounts, CDs, treasuries. they pay more probably than they shld. earning double digit percentages year after year stabilized by state action for no economic service is being on the “happier” side of exploitation.

plus, the practice has destroyed capital markets as effective allocators of scarce economic resources. i get while people like them, and as i’ve emphasized don’t judge. this isn’t a matter of personal morality.

but capital markets, like every kind of market, require careful attention to arrangements if they are going to serve socially beneficial functions rather than be vehicles of exploitation. index funds are part of how they have devolved into the latter.