"The crime" without punishment

One of Sweden's largest occupational pension companies, Alecta, is once again in trouble. The latest was in 2022 when it emerged that they had invested large sums of pension money in SVB Financial Group Stamaktie (SIVB). Now it has been discovered that Alecta apparently did not learn but continued with its bad investments even the following year, i.e. 2023, with the Swedish pension money.

The battery storage company Polarium was predicted to have a bright future with sky-high profit growth when Harald Mix sold billions in shares to Alecta in autumn 2022, with an investment basis that JP Morgan was very positive about. The outcome was instead large losses, a collapse in valuations and finally a cash crisis. According to its own statement, the company would make the world more sustainable with its smart modular energy storage solutions, built on lithium-ion technology.

Those who enable the looting of public funds such as tax money, pension money or the like are either extremely naive or they get their share of the pie. I am thankful that me and the world's most perfect husband understood in our twenties that we will not receive a nickel from the tax payments we make during our working lives.