I don't see any difference between gambling and investing. Movements on the scale of risk premium. The pension industry is rentier capitalism at its finest. Your proposal would create a new tier of rent seekers. Less alpha, more fees.
It's easy to make a statement like that but staking a bet doesn't alter the chances of a thing happening. Giving a company capital to work with might well alter their chances of success.
If you widen the definition of investment you do come closer to gambling but there's still a difference.
There’s a peculiar idea that buying stocks and shares is ‘investing’ though.
The only person who invests is the first person to buy stock in a company. The second-hand market is purely speculative, and its only productive value is in providing an out to the original investor…
I don't see any difference between gambling and investing. Movements on the scale of risk premium. The pension industry is rentier capitalism at its finest. Your proposal would create a new tier of rent seekers. Less alpha, more fees.