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My dislike of investing in stocks comes from supporting the institution, which decouples owners and consequences. When shareholders make a profit at the hands o
by JanisErdmanis 4y ago
My dislike of investing in stocks comes from supporting the institution, which decouples owners and consequences. When shareholders make a profit at the hands of slave labour, they never get to experience the impact on their environment. Even if they do get some attribution of blame, it is diluted between multiple shareholders and pension funds. As long as CEO makes a profit, no shareholder remotely cares what practices the company uses. The remoteness of owners makes these things much worse than when a union can talk to the business owner.
Also, no small investment makes a difference in the trajectory of how the corporation proceeds. A vision can not emerge on the shareholder’s side when the voting power is highly distributed, and the knowledge of how the company operates is secondary to the stock owners. Thus only a profit-seeking motive survives, and with that, practices of maintaining monopoly power by buying out competitors, ridiculous patent lawfare and restraining the ability to fix things you buy. F** that.