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1. Not all companies are publicly traded, and they don't have to be 2. The 'voting' and 'steering' in a corporation is also completely dependent on money. The
by tavavex 1y ago
1. Not all companies are publicly traded, and they don't have to be
2. The 'voting' and 'steering' in a corporation is also completely dependent on money. The value of your 'vote' is proportional to how much money you have. This isn't a democracy or some sort of equal system that will converge on serving people, it will converge on serving money. I'm genuinely baffled at how "you get one vote per person" and "your value and voting power is directly tied to your net worth" are in any way comparable. You and I have zero effective power over them, and always will.
- aianus 1y ago> The 'voting' and 'steering' in a corporation is also completely dependent on money. It is not, eg. Zuck didn't control Facebook because he was a priori rich, he became rich because he controlled Facebook in a successful way. He gained those shares and that control with his skill and labor (and maybe one symbolic dollar or something).