If we look at the top three hundred pension fund assets between 2009 and 2014, and split them by fund domicile, we find that the US and Japan own half of the world’s retirement wealth, the US 38 percent, and Japan 12 percent. Next is the Netherlands: with a population of only seventeen million people (0.23 percent of the global population), the country holds 7 percent of pension assets. Norway and Canada follow close behind with 6 percent each.

[…] We can conclude from this brief survey of the pension system that many workers in the Global North have invested heavily in stocks and bonds via their retirement accounts. In other words, their well-being in retirement is directly linked to the well-being of capitalism. They have much more to lose than their chains.

— The Global Perspective by Torkil Lauesen, Zak Cope, Gabriel Kuhn