Topic: Corporate ownership against inequality (Read 82 times)
Whether it is possible to obtain information from the shareholders of the company will depend on their personal decision. Shareholder wealth maximization compensation policy encourages implementation of new investment dividend policy, strategic direction and corporate strategy with only shareholder interests in mind. The quality of running a company depends largely on the people running it. It is difficult to get information from managers.
Well big companies have the upper hand with their size but dealing with freeloaders is a headache. I get your crypto-communes idea for voting but when it comes to giant corporations, it's not as straightforward. It's like why can't shareholders in a big company like General Motors get the lowdown from their elected managers? It's a puzzle
Under capitalism, the rich always get richer, the poor get poorer, and the middle class disappears (Matthew effect). It is clear that the reason, first of all, is that the empire of some oligarch is a single organization striving for a specific goal (enrichment), while the small people are separated. There is also the concept of “economies of scale” - roughly speaking, a small company can’t create an iPhone, and a million small companies too.
As I understand it, people cannot unite due to the free-rider problem; to overcome it, they need to be able to punish themselves through voting (I mean - individual members of the community who behave selfishly). I have already suggested the “crypto-communes” for this.
One might say that the rich have access to better information: e.g. a Rothschild hires a staff of analysts who provide him the information that allows him to manipulate the stock market (and ordinary workers are deprived of such information). But this raises the question: is it possible to get good information from the shareholders of companies like General Motors? I mean, if there is a large corporation, its shareholders elect top managers, and they again hire a staff of analysts who provide information to all members of the corporation. This does not work? Why?
As I understand it, people cannot unite due to the free-rider problem; to overcome it, they need to be able to punish themselves through voting (I mean - individual members of the community who behave selfishly). I have already suggested the “crypto-communes” for this.
One might say that the rich have access to better information: e.g. a Rothschild hires a staff of analysts who provide him the information that allows him to manipulate the stock market (and ordinary workers are deprived of such information). But this raises the question: is it possible to get good information from the shareholders of companies like General Motors? I mean, if there is a large corporation, its shareholders elect top managers, and they again hire a staff of analysts who provide information to all members of the corporation. This does not work? Why?
Well. I must way and there are two main topics within your post which, you have not properly closed the first one about how alledgely capitalism is a system which is unfair to the common people an such, in my opinion you introduction to the topic of management of information is not properly helped by the introduction, it sounds as if you were taking about two different issues. But that is only my perception, since you have only asked questions for the second issue, then let us talk about it.
It is true that in this world and system of markets based on capitalism information is power (and power is money), I agree with you the rich invest an important amount of money into getting the best quality of information for them to continue to increase the size of their pockets, but I feel you are over estimating the value of shareholders on this process. A shareholder can be anyone with enough capital to buy at least one stock, you know. If I have 1 stock of Apple I am officially a shareholder, in the same way people within the directive of Apple are, the difference is the power to vote out the CEO, being a shareholder and seeking for information are not things which are expected to go together. There could even be people who are not shareholders and yet look for valuable information on the market to carry out other kinds of movements involving commodities.
Under capitalism, the rich always get richer, the poor get poorer, and the middle class disappears (Matthew effect). It is clear that the reason, first of all, is that the empire of some oligarch is a single organization striving for a specific goal (enrichment), while the small people are separated. There is also the concept of “economies of scale” - roughly speaking, a small company can’t create an iPhone, and a million small companies too.
As I understand it, people cannot unite due to the free-rider problem; to overcome it, they need to be able to punish themselves through voting (I mean - individual members of the community who behave selfishly). I have already suggested the “crypto-communes” for this.
One might say that the rich have access to better information: e.g. a Rothschild hires a staff of analysts who provide him the information that allows him to manipulate the stock market (and ordinary workers are deprived of such information). But this raises the question: is it possible to get good information from the shareholders of companies like General Motors? I mean, if there is a large corporation, its shareholders elect top managers, and they again hire a staff of analysts who provide information to all members of the corporation. This does not work? Why?
As I understand it, people cannot unite due to the free-rider problem; to overcome it, they need to be able to punish themselves through voting (I mean - individual members of the community who behave selfishly). I have already suggested the “crypto-communes” for this.
One might say that the rich have access to better information: e.g. a Rothschild hires a staff of analysts who provide him the information that allows him to manipulate the stock market (and ordinary workers are deprived of such information). But this raises the question: is it possible to get good information from the shareholders of companies like General Motors? I mean, if there is a large corporation, its shareholders elect top managers, and they again hire a staff of analysts who provide information to all members of the corporation. This does not work? Why?
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