No matter what, if you can buy and sell ownership as a shareholder, then you have a fundamental misalignment from the direct stakeholders of a firm. This is why I find unions and regulations to be band-aids.
A capitalist system is fundamentally misaligned and it will always work to undo those regulations with capital accumulation and regulatory capture. The only way to fix that is to require direct stakeholder ownership whether that be worker-consumer coöps, syndicates, public ownership, or what have you. The ownership and decision-making must needs be aligned with the people benefitting or who are otherwise impacted by the operations of a firm. That is Socialism and that is not the regulation bandaids that Liberalism trys to paste over Capitalism’s flaws and cracks.
No matter what, if you can buy and sell ownership as a shareholder, then you have a fundamental misalignment from the direct stakeholders of a firm. This is why I find unions and regulations to be band-aids.
A capitalist system is fundamentally misaligned and it will always work to undo those regulations with capital accumulation and regulatory capture. The only way to fix that is to require direct stakeholder ownership whether that be worker-consumer coöps, syndicates, public ownership, or what have you. The ownership and decision-making must needs be aligned with the people benefitting or who are otherwise impacted by the operations of a firm. That is Socialism and that is not the regulation bandaids that Liberalism trys to paste over Capitalism’s flaws and cracks.