> Not that I disagree with you, but me and many others are planning our retirements accounts around assumptions of 8-9% growth.
Actions have consequences. When the entire retirement plan of everyone in the country able to set money aside in a 401k (which isn't applicable for a lot of low-wage employees) is tied to the stock markets, politics is effectively held hostage by the companies in the S&P 500 - politicians simply can't risk enacting any policy that could send these stocks tanking.
The US is in for a really, really wild ride for the next decades as a lot of things that have to be done simply to keep the planet able to support human life will be things that massively complicate or, in the case of anything fossil fuel related, make impossible the business of a lot of large companies, which will send their stocks tanking.
Actions have consequences. When the entire retirement plan of everyone in the country able to set money aside in a 401k (which isn't applicable for a lot of low-wage employees) is tied to the stock markets, politics is effectively held hostage by the companies in the S&P 500 - politicians simply can't risk enacting any policy that could send these stocks tanking.
The US is in for a really, really wild ride for the next decades as a lot of things that have to be done simply to keep the planet able to support human life will be things that massively complicate or, in the case of anything fossil fuel related, make impossible the business of a lot of large companies, which will send their stocks tanking.