Are mutual funds destroying America?

GM was destroyed by incompetent company management, as well as the UAW, long before mutual funds (and mr wagoner) came along. Rick Wagoner was just trying to deal with years of mismanagement. I don't think changing the captain of the Titanic (after it hit the ice berg) will help.

No. And fund managers can vote a large block of voting shares. however, it becomes very difficult to manage mutual funds that become large enough that they either have to own very large quantities of a small number of companies or own a portion of a very large number of companies. the correct capitalization size is best found by free market forces. unfortunately, much of the money in these funds are not flexable to market forces because of government regulations and insentives such as 401k's etc.

that said the problem know is not mutual funds but a bad economy created by government tampering with interest rates and most recently by government monitization of debt and risk.

unfortunately it would take 3 good books to justify and explain this "answer" im sorry

no america is destroying mutual funds