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Comment by woodrowbarlow

11 hours ago

that's definitely a big question and i don't pretend to have enough expertise to answer fully; however, i will point to the Ontario Teacher's Pension Plan which is (per Wikipedia[1]) "one of the world's largest institutional investors [...] over $266 billion in net assets, with a one-year total-fund net return of 9.4%, and a 7.4% 10-year total-fund net return". the union runs their own investment fund; it's an extension of collective power into the financial realm.

https://en.wikipedia.org/wiki/Ontario_Teachers%27_Pension_Pl...

That is only a pension plan. It provides no insurance to teachers who are still employed.