That's obvious to everybody. The point is, co-owning the company you work for has some fundamental advantages. By the way, this wouldn't be true in a perfectly

That's obvious to everybody. The point is, co-owning the company you work for has some fundamental advantages. By the way, this wouldn't be true in a perfectly competitive market, it's only true thanks to market imperfections. For example, in the company I work for, sometimes I slip into the mode of feeling like I "own" the product we're making, making an extra effort, being emotionally invested, etc. But then I remember, I would just be a fool who works for his employer for free. Also, achieving change requires a lot more effort and often fails, which can be demotivating. In general, I feel like I could run things substantially better if I had the power. Seeing the mediocrity at fairly successful companies makes me really think about working at a startup.