A lot of wealthy people have 401(k)s. Even some in the middle class have 401(k)s nowadays. So a lot of everyday people are actually benefiting from insane corporate profits.
So a lot of people who identify as middle-class are unknowingly rooting for something that is actually messing up things for the working classes.
The defense industrial complex; big Pharma; the carceral system; big investment companies that are totally commoditizing the housing market … The list of what’s behind those 401(k)s goes on.
As well as for ecosystems and communities. I wish we invested more in Main Street and less in Wall Street.
The Slow Money movement asks the question, what would the world be like if everyone’s investments were within 10 miles of their home? Great question.
With one hand, everyday people are boosting corporations, while with the other hand we are trying to survive the cutthroat world in which the corporations operate.