Comment by mschuster91

The problem is that Western societies shifted into a "zero trust" mode - on all levels. It begins with something like being able to leave your house door unlocked after going for work to that not being reasonable due to thefts and vandalism, and it ends with insane amounts of "dumb capital" being flushed into public companies by ETFs and other investment vehicles.

And the latter is what's driving the push for KPIs the most - "active" ETFs already were bad enough because their managers would ask the companies they invested in to provide easily-to-grok KPIs (so that they could keep more of the yearly fee instead of having to pay analysts to dig down into a company's finances), and passive ETFs make that even worse because there is now barely any margin left to pay for more than a cursory review.

America's desire for stock-based pensions is frying the world's economy with its second and third order effects. Unfortunately, that rotten system will most probably only collapse when I'm already dead, so there is zero chance for most people alive today to ever see a world free of this BS.