In my country of origin the following principle is probably more apparent than elsewhere but the same principle is universal:
There are a few very large investment companies that make their business out of selling a fairly modern invention called a pension scheme. We are conditioned into thinking that every responsible person should make provision for their old age. Typically the marketing of these pension products include projections based on expected inflation over periods of 10-20 years. When they tell you how much you will need to survive your last 10 years after retirement it is enough to scare the milk out of anyone.
What you do not realise when you buy into this system is that these companies re-invest your money by buying out things like grocery chains, medical companies and many other businesses that deliver products on which common folk like you and me depend. In order to deliver a yield on your pension these investments are engineered to provide products and services at ever increasing inflation year on year.Because of the size of these investments this affects inflation in a national economy directly. By virtue of their buying power these companies are in a position where they dictate the market at the the expense of primary producers like the farming community.
And so we finance the enterprise that increases our cost of living over time through our monthly pension contributions, ironically through our fear that inflation will overtake our needs when we are in our old age. And then having done so diligently for most of our working life these companies often fail in producing any yields anyway even if they have not gone bust during the period.
The point is that as long as we rely on the system whether political, financial, or otherwise, to act in our interest without being involved and interrogating it, we will always continue to strengthen the process that exploits us through our complacency. None of us can make a difference on a macro-economic level, but we can choose not to keep feeding the machine that is exploiting us.
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