Ultra-wealthy PE's and bankers buy politicians who promise not to tax them
Politicians instead borrow from pension funds to pay for public infrastructure
Pension funds go insolvent and get stuck yield-chasing
Pension funds have to invest in funds managed by said PE's
Ultra-wealthy PE's and bankers buy politicians who promise not to tax them
Politicians instead borrow from pension funds to pay for public infrastructure
Pension funds go insolvent and get stuck yield-chasing
Pension funds have to invest in funds managed by said PE's