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A great lever would be to require the state acquire some shares in a company in exchange for the privilege of the corporate veil/limited liability. 1. This pr
by hakfoo 2y ago
A great lever would be to require the state acquire some shares in a company in exchange for the privilege of the corporate veil/limited liability.
1. This provides a benefit in exchange for the trade-in, basically end-running the inevitable Fourth Amendment kvetching if we just eminent-domained a stock holding, and the massive up-front cost of buying shares at market.
2. It automatically diversifies the holdings-- there is no "list of what companies the state can buy", it's basically every enterprise larger than a lemonade stand.
I also love the idea of giving the state voting stock in private enterprise. It will be used politically to maximize accountability. Maybe American regulators have no say about the labour or environmental conditions in a factory you run in Burkina Faso, but give those regulators 30% of the voting shares of the company and let them try to yeet the Board of Directors, I bet that gets action!
I also figured a lot of the trick to solving problems like retirement and homelessness was just to move more services outside of the dollar-denominated economy. Replacing "this apartment costs $1750 per month, and next year it will be $1900" with "we are obliged by law to accept your Class J-45 Housing Ration Voucher" means there's no way to claw additional assets from the poorest people who need the produc