Here's a non-paywall version: https://www.vox.com/2018/8/15/17683022/elizabeth-warren-accountable-capitalism-corporations https://www.vox.com/2018/8/15/1768302

Here's a non-paywall version: https://www.vox.com/2018/8/15/17683022/elizabeth-warren-accountable-capitalism-corporations https://www.vox.com/2018/8/15/17683022/elizabeth-warren-acco... And one key clause from the bill: > "More concretely, citizen corporations would be required to allow their workers to elect 40 percent of the membership of their board of directors." This is a bold proposal, and it's worth considering what consequences it's going to have. Companies are already wary of going public these days, with many unicorns staying private longer, and some public companies even going private again. This bill would sharply accelerate the trend for one very simple reason: A privately held corporation would now be much more valuable than a public corporation. A corporation run by leaders who are 100% focused on optimizing (long-term) shareholder profits, will generate more (long-term) profits than a board that's 40% worker-elected. By definition then, as soon as a private company goes public, they can expect an immediate valuation hit. As more and more companies go/stay private, to avoid the above hit, the accessibility of public markets becomes weakened. Right now, any average Joe from Main Street can invest his savings into Google stock, and participate somewhat in corporate success. Not so if companies decide to remain private instead. I think the intent behind the bill is in the right place. Mega-corps are strangling our democracy (see the recent article about Intuit lobbying against tax-filing-reform), and their successes are being enjoyed primarily by the 1%. But I think we need a different solution to this problem. Higher taxes on the 1%, a stronger social safety net, campaign-finance reform, and better enforcement of anti-trust laws, would be my preferred approach for tackling the current problems.