I feel like the anti-competitive concerns about index funds are another example of people having concerns about everything and its opposite and not seeing that implies the problem is misidentified.
We're all worried about companies doing things to compete that are not in the interest of society, right? Less competition equals less (fewer?) externalities. Why even have companies in the first place if competition is simply always a good thing? Why was Eddie Lampert's clashing departments at Sears (supposedly) a disaster?
We're all worried about companies doing things to compete that are not in the interest of society, right? Less competition equals less (fewer?) externalities. Why even have companies in the first place if competition is simply always a good thing? Why was Eddie Lampert's clashing departments at Sears (supposedly) a disaster?