Labor-Sponsored Venture Capital Corporations - LSVCC

Such an odd category of investing. As if it isn't hard enough to make money on venture capital investments when some 97% of them do worse than had you just invested in an index fund of the S&P 500 with 1/100th the risk. And in an index fund, you're liquid: you can sell any time.

So then add on a labor-friendly (meaning union-friendly) fund which is only going to invest in things that help companies add costs to their bottom lines. Like...the notion of hiring more humans to do more work feels just odd in this era of automation, cheap robots, and overseas outsourcing. Yet LSVCCs exist. And pension money (mostly, sadly, coming out of the pockets of union workers who don't know any better or don't know the very bad odds of "winning") gets poured into these funds, which produce roundly mediocre results.

See: Basic Universal Income.