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Could Index Funds Be ‘Worse Than Marxism’?

Summary:
Annie Lowrey in this Atlantic piece says that economists and policy makers are worried that the Vanguard model of passive investment is hurting markets. In the 1970s, John Bogle pioneered ETFs as a low cost option for retail stock investors. It was seen as a kind of financial revolution. The revolution has become something else since then. and have grown really big to control 20-30% of US stock markets. The Big 3 ETF companies constitute 90% of ETF market.   Lowrey’s article has many more details. To see ETFs which to certain extent was seen as this uber capitalism idea to now be compared as Marxism is like full circle… How all good things eventually become bad things. This entry was posted on April 6, 2021 at 10:29 am and is filed

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Annie Lowrey in this Atlantic piece says that economists and policy makers are worried that the Vanguard model of passive investment is hurting markets.

In the 1970s, John Bogle pioneered ETFs as a low cost option for retail stock investors. It was seen as a kind of financial revolution.

The revolution has become something else since then. and have grown really big to control 20-30% of US stock markets. The Big 3 ETF companies constitute 90% of ETF market.   Lowrey’s article has many more details.

To see ETFs which to certain extent was seen as this uber capitalism idea to now be compared as Marxism is like full circle…

How all good things eventually become bad things.

Amol Agrawal
I am currently pursuing my PhD in economics. I have work-ex of nearly 10 years with most of those years spent figuring economic research in Mumbai’s financial sector.

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