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by no_wizard 476 days ago
It’s a clear reference to shareholder primacy and it’s not wielded democratically nor is it something most even have a chance to participate in even though most have stock market exposure through retail buys, 401Ks, IRAs etc.
1 comments

How does this affect the prior comment?
Half of the us population being shareholders doesn’t translate to a seat the table economically, not to mention is a red herring to the topic

The real issue is that there is legal doctrine that makes it hard for businesses to not be dominated by their largest investors / shareholders in such a way that extracting short term profits every quarter has taken precedence over building healthy sustainable businesses. Everyone is chasing the absolute most % of profit to the detriment to even the business

Who do you think supports and reinforces the “legal doctrine” on a daily basis?

Some mysterious beings outside of society?