this post was submitted on 13 Mar 2026
355 points (99.7% liked)
Memes of Production
1348 readers
984 users here now
Seize the Memes of Production
An international (English speaking) socialist Lemmy community free of the “ML” influence of instances like lemmy.ml and lemmygrad. This is a place for undogmatic shitposting and memes from a progressive, anti-capitalist and truly anti-imperialist perspective, regardless of specific ideology.
Rules:
Be a decent person.
No racism, sexism, ableism, homophobia, transphobia, zionism/nazism, and so on.
Other Great Communities:
founded 2 months ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
A mutual fund buys and sells on behalf of the consumer so individuals don't have voting rights.
Also wrong. You can vote if you buy stocks themselves and not mutual funds.
Only 21% of Americans directly own stock.
https://www.fool.com/research/how-many-americans-own-stock/?msockid=3cc1caf3010a68e612d9dc83002769e8
You can't say a statement is wrong by agreeing with it. You just said that they use clearing houses. The majority of stock ownership in the US is through mutual funds and other similar products where individuals cannot vote.
I said people who buy mutual funds can't vote you muppet.