> Pension funds, retirement savings, the top 1%’s majority of assets, and so on are all in the market so governments of the world have decided that the market shouldn’t go down, at least not very much.

Yeah, that's kind of my worry with the move to long-term wide-spread stock investing for retirement. Ostensibly, that strategy has done well, but once everyone does it, that prods massive political favor toward propping up the largest companies (that are getting this investment).