By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 07/05/2026Since the Carter years, workers have been forced to flush their savings into the stock market. 37/ 1244
By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 07/05/2026The "defined benefits pension" (that guarantees you an inflation-adjusted sum every month until you die) was replaced with 401(k)s and other "market-based pensions" (where you only get to survive after retirement if you bet correctly on the movement of stocks): pluralistic.net/2022/05/29/a... 38/pluralistic.netAgainst Cozy Catastrophies – Pluralistic: Daily links from Cory Doctorow 1304
By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 07/05/2026Despite this having all the appearance of a rigged game - finance industry insiders are always going to be better at betting on stocks than teachers, nurses, janitors and other productive workers - proponents of this system always insisted that workers weren't *really* the suckers at the table. 39/ 1263
