[chii]

> So when a company's ownership reaches 50%+ of index funds

well luckily, this isn't the case. And most index funds do ask index fund holders for the vote, tho not individually. But if the majority holders end up not following the board recommendations, the index fund would vote that (at least with vanguard - not sure about others).

[spwa4]

Great, that. However the point of capitalism is that people who know the business would invest and make good decisions. In the situation that index funds hold most of the capital accountants will be making all decisions.

[lotsofpulp]

The point of capitalism is that the businesses that have people who know the business and make good decisions eventually win out over the businesses that don’t.

That seems like what is happening.