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Matt Levine: “I find all of this so weird because of how it elevates finance. [Various cases] imply that we are not entitled to be protected from pollution as
by tyre 1y ago
Matt Levine:
“I find all of this so weird because of how it elevates finance. [Various cases] imply that we are not entitled to be protected from pollution as citizens, or as humans. [Another] implies that we are not entitled to be told the truth as citizens. (Which: is true!) Rather, in each case, we are only entitled to be protected from lies as shareholders. The great harm of pollution, or of political dishonesty, is that it might lower the share prices of the companies we own.”
- Brian_K_White 1y agoSimilarly Elizabeth Holmes (In jail, but not for providing bad medical services.)
- deleted 1y ago[deleted]
- immibis 1y agoObviously the solution is to buy one share in every company.
- rsynnott 1y agoOr just one share in a whole-of-market index fund.
- immibis 1y agoI suspect you need an actual share in the company to qualify for shareholder protections. A share in a fund is a share in a fund, not a share in each company the fund has shares in.
- mrguyorama 1y agoWhich is why: https://www.reuters.com/sustainability/sustainable-finance-reporting/tesla-blocks-stockholders-with-less-than-3-shares-suing-officers-its-behalf-2025-05-17/ https://www.reuters.com/sustainability/sustainable-finance-r...