News for hackers. Stuff that matters.

A comment on John C. Bogle Has Died. Parent comment

Re:John C. Bogle Has Died by conanbatt on Wednesday January 16, 2019 @10:37PM (#18928153)
What is the interest in having the state manage something at a cost when it is already free for its citizens.
[ Parent | on HN ]
Re:John C. Bogle Has Died by djrobstep on Wednesday January 16, 2019 @11:05PM (#18928281)
It wouldn't provide index fund services, it would literally own the funds and thus the assets.
[ Parent | on HN ]
Re:John C. Bogle Has Died by nicky0 on Thursday January 17, 2019 @12:56AM (#18928706)
An index fund without customers is not really an index fund. It's just a private investment trust.

Basically you are saying the state should just slowly buy stock in every company until it owns every company.

[ Parent | on HN ]
Re:John C. Bogle Has Died by djrobstep on Thursday January 17, 2019 @02:24AM (#18929018)
It would have a customer: the public.

> Basically you are saying the state should just slowly buy stock in every company until it owns every company.

That's right. The goal is full public ownership of the means of production.

[ Parent | on HN ]
Re:John C. Bogle Has Died by nicky0 on Thursday January 17, 2019 @08:13AM (#18930499)
Not sure you have really thought this through.
[ Parent | on HN ]
Re:John C. Bogle Has Died by conanbatt on Thursday January 17, 2019 @02:47AM (#18929102)
The state is not the public.
[ Parent | on HN ]
Re:John C. Bogle Has Died by djrobstep on Thursday January 17, 2019 @03:49AM (#18929322)
In a democratic society, it is.
[ Parent | on HN ]
Re:John C. Bogle Has Died by nicky0 on Friday January 18, 2019 @04:14AM (#18938058)
No, in a democratic soceity the state is a servant of the public.
[ Parent | on HN ]