There are two forces i can think of here: 1) public traded is good because it broadens the ownership base of a company; 2) public traded is bad because it compr

There are two forces i can think of here: 1) public traded is good because it broadens the ownership base of a company; 2) public traded is bad because it compromises the interests of labour to align with capitalists. We should also add that public trading of companies leads boards to ever more aggressive and socially destructive forms of competition which might not be permitted if not be for their shareholders. On balance I'd say we'd be better of getting rid of public ownership in this sense, and i'd also be inclined for very high marginal taxes on high profit margins and much more radical competition regulation. This would bring capital's power more in line with labour's. But on this i've really no idea; and the analysis here is too thin