Broken System

Fred Wilson has a very illuminating blog post recently:

http://avc.com/2016/08/trapped-in-a-system/

The post said the following:

Many people in the US (and around the world) are employed by (and trapped in) a system that no longer works very well. And although they realize the system is broken, they fight to support it because it underpins their economic security.

This is in many ways true for sell-side equity research. It's a broken system and yet I am fighting everyday to "support it because it underpins my economic security"