Frankly I don't disagree, in the sense that this is largely a BS (pun intended) proposal from someone who does not understand how finance works. I am not a fan of Bernie.
But these particular counter arguments, such as they are, miss the forest altogether.
Sweden is...not the US. It's basically Ohio. Trying something in an Ohio that is not on the dollar does not tell you anything.
Some kinds of efficiencies in the US system are laudable, others are deeply problematic. Solving for e.g., humans trading on their personal accounts is a demonstrably terrible idea from a retirement savings perspective at scale.
The fundamental point is that in the US and in most of the world there is a deepening imbalance between capital and labor. And labor is going to have its say unless capital figures out how to share.
There are lots of ways this can go horribly wrong. Lots of current events rhyming with bad moments in history. Trump is this gone wrong. Bernie would be too.
A redistribution of wealth is coming, one way or another.
But these particular counter arguments, such as they are, miss the forest altogether.
Sweden is...not the US. It's basically Ohio. Trying something in an Ohio that is not on the dollar does not tell you anything.
Some kinds of efficiencies in the US system are laudable, others are deeply problematic. Solving for e.g., humans trading on their personal accounts is a demonstrably terrible idea from a retirement savings perspective at scale.
The fundamental point is that in the US and in most of the world there is a deepening imbalance between capital and labor. And labor is going to have its say unless capital figures out how to share.
There are lots of ways this can go horribly wrong. Lots of current events rhyming with bad moments in history. Trump is this gone wrong. Bernie would be too.
A redistribution of wealth is coming, one way or another.