Obviously it's better for you to take money from shareholders if you don't ever give it back. That's not a foundation for a long term stable ecosystem.
What about, if you keep the money from shareholders. And instead of burning the money, or letting the shareholders 'efficiently reallocate capital'. You try and redirect the company to stay relevant.
It might be a less efficient allocation of capital. But it could reduce a lot of friction in the labor economy, and incurs less overhead from building an organization from scratch.
It might be a less efficient allocation of capital. But it could reduce a lot of friction in the labor economy, and incurs less overhead from building an organization from scratch.