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> Not to get too tinfoil hat about it, but an economy controlled by a number of equity firms one can count on a single hand, with fingers to spare, hardly seems a "free market".

Is this the index fund conspiracy theory again? Where companies like Vanguard supposedly form some sort of shadowy evil cabal that secretly controls the entire economy?



It is by no means conspiratorial to suppose that large amounts of power concentrated in few hands tends toward tyranny; it's simply history.


Sure but that’s not how index funds work.


Oh, well, that explains everything.




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