this post was submitted on 24 Jun 2025
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[–] Appleseuss@lemmy.world 2 points 6 days ago

Essentially, yes. There is rarely any stakeholder decision making, which means profit is the only meaningful driver for corporations. Profits over everything else; any other policy the corporation implements will be removed if it negatively impacts profits and value for shareholders.

[–] pebbles@sh.itjust.works 1 points 6 days ago

Sorta, but it neglects to mention the bottlenecks where power concentrates. There are really only 3 companies in the US that manage retirement funds, and they all own a decent bit of each other.

Also 90% of stock is owned by the top 10% of Americans, so average folks retirement funds don't have the power you might naively assume they do.