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An index fund without customers is not really an index fund. It's just a private investment trust. Basically you are saying the state should just slowly buy st

by nicky0 8y ago

An index fund without customers is not really an index fund. It's just a private investment trust. Basically you are saying the state should just slowly buy stock in every company until it owns every company.

djrobstep 8y ago
It would have a customer: the public. > Basically you are saying the state should just slowly buy stock in every company until it owns every company. That's right. The goal is full public ownership of the means of production.
- conanbatt 8y ago
  The state is not the public.
  - djrobstep 8y ago
    In a democratic society, it is.
    - nicky0 8y ago
      No, in a democratic soceity the state is a servant of the public.
- nicky0 8y ago
  Not sure you have really thought this through.