alt Hacker NewsRead Citigroup's plutonomy paper: https://www.sourcewatch.org/images/b/bc/CITIGROUP-MARCH-5-20...
The strategy for institutional investors is to invest in servicing the needs of the already rich, at the expense of investing in companies that serve working people. The former is much more profitable than the latter, and the latter is becoming less profitable over time.
The rich are supported by the working class. If there is no more working class, the world that the rich enjoy will collapse, along with their riches.