1462
Listen here, kulak...
(i.ibb.co)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 14 Sep 2023
1462 points (93.3% liked)
Memes
45783 readers
3471 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
Shares only give you voting power if you have a massive amount of them. In the vast majority of cases shares function as either a place to store wealth to protect it from inflation or as speculative gambling, the majority of use cases is not to signify ownership. I would not classify that as collective ownership, maybe only in theory if you don't look into it too much but real world application of shares is definitely not collective ownership.
I'm very much in favour of businesses being actually collectively owned through a coop business model though.
Owning public stock is legally indistinguishable from directly owning a joint business venture.
Plenty of things are legally indistinguishable but real world applications are often quite different.
Though I would also challage that claim since owning a joint business gives you legal deciding power while owning 1 stock does not, you get zero votes from that.
It depends on the percent of the company you own.
Gee, who decided what is legally equivalent? Certainly not the people with wealth to buy politicians and judges.
I have no idea what point you’re trying to make.