So? The IRA/401k failure is a failed experiment that's come nowhere near being a retirement solution for most Americans.

It is clear that it took capital away from main street businesses and puffed up a bubble. In an economy with massive capital inflows, "saving" just doesn't work for Americans.

I'm not sure Main Street was ever an intended benefactor of 401k/IRA sourced funds to be honest. If they actually were, I'd have expected to see far more growth in the sector rather than the massive degree of consolidation/M&A/diversification we see in big Wall Street actors. I've always seen it as a way for industrialists to double dip into whatever they're paying employees. If you can essentially recoup whatever you match/your employee tucks away in a retirement account, are you really paying out the money? At most you're effectively paying out a token percentage to your loan granting institution for facilitating the transaction.