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This sounds logical, but the issue is that the price of an asset should fall if its performance decreases. I don't know whether there is a real solution when th
by jdmichal 9y ago
This sounds logical, but the issue is that the price of an asset should fall if its performance decreases. I don't know whether there is a real solution when the (bulk of) ownership of a company is disjoint from those participating in its operations. However, I can comfortably say that organized behavior against rational self-interest is probably not a solution.
Personally, I'm a huge fan of employee-owned companies. But to be 100% employee owned, that means no fundraising based on selling ownership. So growth is probably going to be limited by capital. (Which, also personally, I don't think is a terrible thing either.)