8 ms·
> I would like to see eminent domain used to restructure these companies with weird controlling shared structures in to being truly publicly traded companies as
by netcan 6y ago
> I would like to see eminent domain used to restructure these companies with weird controlling shared structures in to being truly publicly traded companies as a first step.
My first question is "why?" What is this trying to fix or achieve, on behalf of who? Shareholders themselves can choose to buy or sell as they please, so I'm not worried about them.
The context of this article is monopoly. My feeling on this issue is that (a) it is a major factor in economic and tech progress (2) our current frameworks, in theory and especially in practice, are totally insufficient to deal with it. (3) Monopolistic positions are, paraphrasing Thiel, what most of the tech industry is about.
Beyond that, there is a lot that can be wrong with shareholder control too. One underlooked problem (IMO) is that "a committee is a committee." If money managers have all the control, we have the same company over and over again.