The big issue is stock. It's also one that would be really, really hard to fix because of entrenched interests and wish fulfillment. To fix it you'd have to do

The big issue is stock. It's also one that would be really, really hard to fix because of entrenched interests and wish fulfillment. To fix it you'd have to do something like break it up into component parts: 1) Voting rights 2) Capital ownership (liquidation rights) 3) Dividend rights (aka profit sharing, pensions plans, and the like) As well as expand the use of bonds for fundraising (including at the startup funding steps). It will never happen due to entrenched interests (one of which is very importantly the right of legislators to own shares in companies). I don't know. It could happen in privately owned corporations, employee owned corporations, or if shareholders of a particular company get mad about the huge payouts to fly-by-night executives. But it's unlikely.