this post was submitted on 02 Jan 2025
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Anarchism
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The problem with stocks is their disorganisation. Shareholder-workers are simultaneously self-exploiting and extracting value (ie profit) from others, without a social contract or remuneration scheme. Shareholder-workers who become shareholders, that is they stop working there, have unjust power. Stocks can be sold or inherited.
On the other hand, a critical threshold of organised shareholders could change the organisation of the company into a more democratic form.
Incidentally, that's why employee stock holdings are typically either non-voting shares or granted in quantities that can't practically become a majority voting bloc. But if you can manage it, this is a valid way to seize the means of production through a peaceful democratic process and it does happen on occasion.
Thanks! That makes sense