After giving notice she would be leaving her job, Shubert said, she signed the back of her retirement check and handed more than $250,000 over to Payne, who over time put her 401(k) savings into “structured notes”, “leveraged ETFs” and other risky products usually intended for wealthy, sophisticated investors.
It's not rhetoric. It's economics 101. Opportunity cost.
A mixture of private and public is best. The Nordics show market socialism done well.
Edit. A mixture allows more spend on more things. Govts can't sell infinite debt