Bernstein: Passive investing is worse for society than Marxism
Statue of Karl Marx
The rise of passive asset management threatens to fundamentally undermine the entire system of capitalism, say analysts at research and brokerage firm Sanford C. Bernstein & Co.
The rise of passive asset management threatens to fundamentally undermine the entire system of capitalism and market mechanisms that facilitate an increase in the general welfare, according to analysts at research and brokerage firm Sanford C. Bernstein & Co.
In a note titled "The Silent Road t
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