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Pete's avatar

"Broad-based re-distribution of capital is politically fraught to the point of being a non-starter, nor is it entirely clear it would provide a long-term solution in a late-stage, financialized economy"

It's politically fraught in the current environment but the future electorate will rapidly be comprised of the people that suffered the consequences of an over-financialized economy and who already demonstrate redistributionist beliefs. Selling them on an an even more financialized solution to their problems that carries high fees and leverage seems like it could be tough.

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