4 ms·
> Companies should not be allowed to own majority stakes in other companies You don't want companies to be able to buy other companies? You don't want multinat
by telotortium 4y ago
> Companies should not be allowed to own majority stakes in other companies
You don't want companies to be able to buy other companies? You don't want multinationals? Good luck. Maybe you want a limit on the depth of an ownership tree instead - no more than 3 levels of ownership.
- kibwen 4y agoOn the contrary, why should we allow it?
- telotortium 4y agoTo get started, are you a socialist?
- kibwen 4y agoBy what logic would one need to be a socialist in order to oppose opaque corporate structures that obscure the market and thereby make it harder for consumers to make more informed judgments? Companies don't need to own other companies to make markets work. Is it "socialist" to be pro-transparency?
- telotortium 4y agoI could agree with the need for corporate transparency, but the initial proposal seemed excessively strict. Unfortunately, people managed to arrange complicated empires of corporations even back in the days when it took an act of the legislature to create a corporation (and therefore shell companies as we know them were impossible to create)[1]. [1] https://en.wikipedia.org/wiki/Trust_(business) https://en.wikipedia.org/wiki/Trust_(business)