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Democracy = people get a vote. Not necc equality. There's a long history of well intentioned policy experiments such as these manifesting in massive suboptimal
by thedudeabides5 7y ago
Democracy = people get a vote. Not necc equality.
There's a long history of well intentioned policy experiments such as these manifesting in massive suboptimal outcomes. USSR had some ideas too.
If you put a limit on the voting power of the largest shareholders for public companies, you radically disincentive companies from going public.
Access to the financial returns from the best companies in the world, and participation therein through public equity markets seems like a good thing for equality and something we shouldn't be fighting.
I like a world where founders and owners have a vote consistent with their economics, and if they make bad decisions, have to sell more shares and get diluted.
A world where founders and owners don't go public, and employees don't get any access to financial returns or voting stakes seems like a likely outcomes from ^ proposal.