Earlier quoted context omitted.
I believe the idea of "publicly-held companies" is a net negative for humanity. It encourages immoral behavior. Obviously my thoughts are unreasonable. I wish the world were unreasonable. Because then people might empathize with each other to an unreasonable degree, resulting in far less grief and hate within our microscopic timeline of our universe.
I have to disagree with you. "Publicly-held companies" don't encourage immoral behavior. People encourage immoral behavior. I know that some folks like to think of people as "basically good", but I don't think history has held that out. Humanity has proven time after time that regardless of the social structure or organization, their tendency for immoral behavior pervades each one. "We did it for the shareholders" ma…
A notable example is Ivan the Terrible and his society.