5 ms·
Citizens would be the shareholders
by omalleyt 8y ago
Citizens would be the shareholders
- dsr_ 8y agoSmall shareholders (less than 0.01% holdings) have essentially no voice in a corporation's policy; nor are they a consideration for the board of directors. Sometimes they are the beneficiaries of policies that are satisfying major stockholders, but not in a big way. No, this metaphor does not work.
- qntty 8y agoIn what way does that meaningfully differ from the way a democracy is supposed to be run? Shareholders are treated as "voters" in a democratic organization, where 1 share = 1 vote.
- Gibbon1 8y agoDespite the common wisdom governments tend to care a lot about citizens bitching. A friend used to work as a lawyer for a state utility board. They sit and listen to rants by 75 year old cat ladies and then consider how to mollify them.
- rabidrat 8y agoSo who gets the majority of shares in the country? Should it be the executives, or the funders? Maybe we should have a 1 vote per tax-dollar system.
- 0815test 8y agoWait, I thought the way this whole "shares and CEO's" thing was supposed to work is that Moldbug would get to decide that, and everything would work just fine afterwards.
- bilbo0s 8y agoBeing a small shareholder is even worse.
- rdiddly 8y agoTrue, the shareholder role is certainly better than the "employee" role for example.
- Gibbon1 8y ago> shareholders Shareholders have zero say in how modern corporations are run.
- internet_user 8y agoWhy? Can't the vote? There is even such a thing as activist shareholders.