Wednesday, January 23, 2019

Sleepwalking with a 401(k)

You might hate the company Facebook and think it's a sociopathic parasite, but if you put money into a 401(k), chances are good you support it, maybe with hundreds or thousands of dollars per year. You might hate the democratic party, but if you're putting money in a 401(k), chances are pretty good that you indirectly supported Clinton's campaign through corporate and executive contributions to her campaign.

A 401(k) is a really good example of sleepwalking through life and avoiding conscious choices. Money that might have gone into local businesses or productive assets for an individual or family goes to support some random collection of financialized corporations and to support the lifestyle of the "managers" of the 401(k).


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