Are US retirement accounts largely growing on the back of “companies which extract monopoly rent”?
replyThat seems outlandish. My iPhone isn’t “rent”, neither is an Nvidia GPU, or an Instagram ad.
The argument works at the margin as well, though. Suppose companies deliver value X and also extract rent Y, and defend Y on the basis that it would threaten the value of pensions to prevent it - this is rebutted in the same way.
replyI don’t get the point you’re trying to make.
replyWhat if X >> Y? Why should we think otherwise?