In the video, the creator is very clear that this is not an argument to remove the pension fund and he specifically addresses those concerns (twice, at the beginning and end of the video).
Wanting good, responsible management of something most of us pay into is not a bad thing. This should not be a partisan issue (which the creator also says)
I think the solution is having these agencies be accountable to the accountability metrics that they set up.
Normalizing mismanagement seems short-sighted to me and ultimately only supports the argument that government is “useless” or “broken”.
That extra billion going towards healthcare or education or even back into the pension fund could do a world of good.