Consumer spending benefits pension funds and retirement accounts that hold corporate stock. Buying an iPhone or Unilever products means your money flows to teachers' unions and retirement portfolios, not just shareholders. The argument: capitalism already distributes returns across society.
People want to burn the system, but there's something in the system that I don't think they realize. When you buy an iPhone, it's not just a capitalist win. When you buy an iPhone, you're supporting Apple stock and Apple stock is owned by pension funds and is owned by teachers unions and retirement portfolios. When you shop at the grocery store, you're supporting brands that are owned by Unilever and Kimberly and Clark. The big corporations are kind of social. What that means is that they're owned by all of these other investment firms and retirement industries. And so when you buy something in a free market, you're actually supporting the futures of all the people that own that company. It's not just the CEOs, it's also the teacher who is counting on that pension after they retire. So capitalism delivers what socialism promises. Socialism promises that we will all share in the winds of creative work. Capitalism is the one that actually makes that happen.
