“It’s more the fact that in America, because you don’t have state guaranteed pay-as-you-go pension schemes, anyone who works and who needs to think about his old age needs to directly be engaged in thinking about investing in capital markets.”
Ah yes, famously something we really love in NA. A system that gave us 50% pop with no retirement savings across US and Canada. You def want that!
Serious - not saying integrated capital markets aren’t needed but the NA neoliberal pension model is not something that’ll encourage social stability.
European countries are not imitatng the Anglo model but the Scandinavian model. It’s like high return retirement savings combined with social equalisers
I really hope you don’t let them imitate it, cause this didn’t happen by accident over here. There’s a lot of money to be made by the finance sector if people are forced to put their pensions into the capital markets. And this isn’t me just babbling from the other side of the Atlantic in abstract. I hold an EU passport and I sincerely hope shit doesn’t turn like it did here.
Stupid money? No, not good.
I like to invest my time and energy in people. I still have to learn to also invest money in people.
But the capital market can never be more than a second best option, or third…
Well, if you have a friend looking to start a business, try out being an investor for them… It’s not too stressful
A 37€ trillion invested would mean a 37€ trillion would want a return on that investment too. Depending on who invests in what and the expectations they have it could be a net negative for society where the working class is squeezed even harder for profits. Best case scenario is 37€ invested and „lost“ paying wages right now. That would be the true trickle down effect. But no one would want to invest with those expectations.
Right now markets seem really random with increasing prices and shrinking demands. Everything seems very risky at the moment. Is it really a good time to invest when the orange man could invade yet another country any second? When everyone understood AI is a dangerous bubble? Look at South Korea.
Why do you care? It’s other people’s money, they decide what to do with it.
This is the kind of neoliberal ideology Europe suffers from. It’s not individuals making these investment decisions.
People aren’t deciding to leave their money in their bank accounts? I don’t understand what you’re saying.
Europeans have to put a large part of their money into a system with pensions and insurances. The organizations that handle those savings then make the decision on what to do with them.
Ah yes, but they invest it? In my country it’s even a problem that there is such an immense amount of capital in the pension funds, that they must invest it in safe assets, that they drive up prices of real estate to unreasonable levels
