America's Pensions Can't Beat Vanguard but They Can Close Your Hospital
A $6 trillion pool of patient capital is failing to finance critical transmission lines, nuclear plants, and housing.
Deep Dive
Writer Dave Deek critiques the misallocation of America's $6 trillion public pension funds. He argues this 'patient capital' is not financing essential infrastructure like grid transmission, nuclear plants, or housing, despite clear demand. The piece highlights a rare consensus between conservative and progressive economists on finance sector failures, suggesting a major supply-side capital problem is stalling national industrial and development goals.
Why It Matters
Redirecting this massive capital pool could directly fund the infrastructure and industrial capacity the US urgently needs to build.