Everyone who has a 401 K has participated in the transition from the 'ownership' society to the 'agency society.' Indeed, while many still believe that the American way of investing makes ours an ownership society, Mr. Bogle says we live in an agency society [and have for 50 years], one in which we rely on agents -- mutual fund managers, pension fund managers -- to make our investment choices for us.

::::::::

Everyone who has a 401 K has participated in the transition from the 'ownership' society to the 'agency society.' Indeed, while many still believe that the American way of investing makes ours an ownership society, Mr. Bogle says we live in an agency society [and have for 50 years], one in which we rely on agents -- mutual fund managers, pension fund managers -- to make our investment choices for us.

Authors Bio:

OpedNews volunteer from 2005 to 2013.

Amanda Lang was a wonderful member of the Opednews team, and the first volunteer editor, for a good number of years being a senior editor. She passed away summer 2014.