What's holding back the plague of venture capital in Europe? Well, it turns out the VCs can't get the pension fund money. That's where a lotta the money going to these AI companies is coming from - your pensions. https://pitchbook.com/news/articles/europes-pension-problem-is-constraining-vc-ambitions
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@davidgerard Yeah - our state pension system in Ohio is deep into Tesla. And all of the big tech companies too.
When the house of cards falls it's not going to be good
@davidgerard Alternative headlines: "Plundering of European pension funds still at too low levels", "Too low VC rates? How we must increase the amount of money funneled to our buddies", and "Who will hold the future bags, why not European pension funds?"
@davidgerard whereas in Britain that line of funding went to "Cap'n Bob"?
(if I'm properly recalling my years of reading Private Eye)
