That argument can be made about all bank loans and stock offerings as well.
401ks and social security funds got locked into private corporations funding while everyone slept in the 90s. What does 'private corporation' mean in this context?
A Gordian knot to unravel. But how to remove the snake from the victim's neck without killing the victim? (private savings, investments, aka the real economy)
And then get back to production of things?
Is it possible? Are there alternatives?
The snake has a name. The dread 'F' word both 'sides' toss around but refuse to accept as fact is the mode of operation.
One option would be to pass the voting to the 401k holders and not the firms themselves. That would mean you would have the option of logging into your 401k account and proxy voting on a regular basis.
Most people wouldn't do this of course, but it would strip the power from the 401k brokerages if they weren't allowed to vote with your shares.
That argument can be made about all bank loans and stock offerings as well.
401ks and social security funds got locked into private corporations funding while everyone slept in the 90s. What does 'private corporation' mean in this context?
A Gordian knot to unravel. But how to remove the snake from the victim's neck without killing the victim? (private savings, investments, aka the real economy) And then get back to production of things?
Is it possible? Are there alternatives?
The snake has a name. The dread 'F' word both 'sides' toss around but refuse to accept as fact is the mode of operation.
One option would be to pass the voting to the 401k holders and not the firms themselves. That would mean you would have the option of logging into your 401k account and proxy voting on a regular basis.
Most people wouldn't do this of course, but it would strip the power from the 401k brokerages if they weren't allowed to vote with your shares.