4 ms·

I think you're greatly overestimating how much ownership the general public has. The bottom 90% of the population own like 12% of all equities, while bottom 50%

• nosianu 1y ago
  Not direct ownership. He means through pension schemes, indirect dependency.
  • AtlasBarfed 1y ago
    Those can be viewed as tools by the elite to control the capital of the plebes. Who runs/controls those funds? My knowledge of the insides of Tesla's governance highlights this. The requirement of index funds to invest fixed amounts in in companies allows CEOs to exert more board control and avoid "investor activism" for things like "roman salutes".
    • mschuster91 1y ago
      > Who runs/controls those funds? The uber rich elites, either directly or through "friendships". And that's my point.