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I think you just need to go up the corporate-financial ladder a step. Clearly the major shareholder conglomerates - Vanguard, Fidelity, State Street, Vanguard
by photochemsyn 4y ago
I think you just need to go up the corporate-financial ladder a step. Clearly the major shareholder conglomerates - Vanguard, Fidelity, State Street, Vanguard etc. can act in a manner very similar to a Soviet Central Committee to direct resources in a centrally planned manner. The current consolidation of banking into a small group of large corporate institutions (JPMorganChase, BankAmerica, Citgroup, WellsFargo) with direct ties to the Federal Reserve is another obvious example of how the US economy is more of a centrally planned model than not, and of course, the military-industrial corporate system, where the government is basically the sole buyer and distributor of contracts, is another one.
- AnimalMuppet 4y agoMaybe they could. But they don't. They invest in companies, but they don't tell the companies how to run themselves.