I saw the underlying theory discussed years ago, in a series of articles on a very serious economics blog, coming to very different conclusions:

https://www.philosophicaleconomics.com/2016/05/passive/

https://www.philosophicaleconomics.com/2016/05/followup/

https://www.philosophicaleconomics.com/2016/05/indexville/

https://www.philosophicaleconomics.com/2016/05/passiveactive...

Looks like the blog stopped in 2020, unfortunate....