glad you find it worth your time! and as i keep trying to emphasize, this is a policy view, not a personal judgement. i don’t begrudge individuals doing what they can. 1/

i think the idea that index funds enable any kind of collective ownership to be horrid propaganda. there’s no collective ownership! they are privately owned, and the very rich own much larger pieces of them! 2/

it’s a way of confusing with social democracy participation in an institution designed to align the perceived interests of small savers with the policy interests of the very wealthy. 3/

it’s like how tech companies are always saying they’ve “democratized” something whenever they’ve made something broadly accessible under infantilizing terms they control. that isn’t what democracy means! /fin