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Joined 7 months ago
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Cake day: February 6th, 2026

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  • There are major societal drawbacks in investing in indices, even though one might benefit personally.

    1. You don’t hold the shares, the index fund managers do. So you don’t sit at the board of shareholders and the index managers may not have the same idea as you on how businesses should be handled. Typically, short term gains at the expense of long term social and environmental balance.

    2. The stock market is basically a machine to separate good business from bad one. You invest in underrated companies and divest from overrated ones. Once a significant portion of the investors put their money in indices, the whole market goes up or down together, there is no more filtering. Healthy businesses might go down because bad ones go bankrupt… rings a bell? Subprime crisis anyone?



  • If your question is genuine: Kings in European constitutional monarchies (or at least in Belgium) play a political part outside of the political circus of constant posturing.

    First, they help to broker deals between parties elected by the people. In Belgium we have the awesome proportional representation, meaning that we escape the drawbacks of first-past-the-post. But we have a shitton of parties that need to negociate and compromise. The king is the showrunner but only elected officials are in power in the end.

    Second, they perform diplomatic missions. These missions rely on personal bonds maintained over decades are more stable than for a president that can change every few years. The phone calls of the King allowed Belgium to obtain needed gear during the covid pandemic. We can also see how quickly relations can suffer when a bad president is in office. A King means stability.

    Finally, the King must know his place. If he steps out of line and expresses the tiniest personal political opinion, he’s sidelined real quick. That happened in Belgium when the King refused to sign legalization of abortion. The parliament declared him unable to reign and the law was passed anyway.