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alephnerdyesterday at 7:04 PM0 repliesview on HN

> Someone has to wipe our Boomer arses. An aging population means more healthcare and less of everything else

And a much more intense shift to financialization.

Pension funds tends to target an IRR of around 20-30%, and it is they that are the biggest pools of capital that funds invest.

You ain't hitting that amount of IRR without an extreme degree of financial ruthlessness.