"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.
Yes, I'm not really sure how the product (in its current iteration) will be perceived. Alternatively, both leverage and speculation in general have accompanied the younger generation's view of markets and how they function. Clearly younger generations are less suspicious of leverage, for better or worse.
"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.
Yes, I'm not really sure how the product (in its current iteration) will be perceived. Alternatively, both leverage and speculation in general have accompanied the younger generation's view of markets and how they function. Clearly younger generations are less suspicious of leverage, for better or worse.