Well we are far more corrupt and in the last stages of late stage capitalism. 15 day waiting period for Nasdaq 100. Your 401k is now the exit liquidty for the country's 5k richest people.
I really dont see how America doesnt collapse on the weight of its own corruption. But maybe the was the plan all along....
Maybe don't buy QQQ in your 401k then if you're concerned about nasdaq100 inclusion
Tell that to everyones 50 year old mother who doesnt even know how to login to their account, let alone modify their allocations.
50 isn’t old? I would expect a 50 year old mother to be competent.
Oh yeah, we should just get rid of all securities regulation too. Everyone should be competent on their own to avoid being duped by guys with billions of dollars. Its the elementary school teachers fault if they get scammed by a billionaire.
It's like the very first golden rule, do not expect competency from another human being.
The stock market (and in particular the US stock market) has been an incredibly positive influence on the average American's 401k... Great driver of allowing Americans and beyond to share in the upside of successful companies... big reason why Americans can retire.
Of course, it doesn't always go up...
I think you have an oddly negative bias.
I think you have too much trust in a class of Elites that see us as pigs to be taken to the slaughter. The lindy effect isnt real, just because it has been positive doesn't mean it will continue to be that way
The levels of greed in our society our unmatched. Planes, mansions and yachts for a few thousand people while 10s of millions struggle to buy basic medicine for their children.
Death to the fascist insect that preys upon the blood of the people.
> last stages of late stage capitalism
how long does this last? I've been hearing it for a decade.
Empires usually go through a long period of decline before they collapse. I'm not sure why you'd think this Empire is immune to collapse or decline.
You're going to lose everything and your children will have no future. When they're old they'll be speaking from a similar perspective to the people who lived through the decline and fall of the USSR. Keep coping though.