Earlier quoted context omitted.
The real issue is company ownership is anti-democratic so we can't stop EA or activision from making games in fraudulent ways, so we'd need to have some ownership share over the company because it effects us politically. There's no other way then private power being co-owned with the rest of society, aka there are certain things private individuals and companies can't engage in. That is the only explanation because c…
> The real issue is company ownership is anti-democratic Wrong. Company ownership is perfectly democratic. > need to have some ownership share over the company because it effects us politically This happens now with share ownership. > AKA bobby kotick can say to his employee's "make games with drm" and the employee's must obey or be fired, that is the fundamnetal problem with capitalism in a nutshell. Every single ti…
It's not because a lot of shares end up owned by one of the few large ETF/pension plan administrators: in 88% of the S&P 500 companies [1], Vanguard/BlackRock/State Street together own the majority of the shares, and at least the passive ETF-held parts usually do not participate in voting which means that tiny "activist" investors now have a lot more vote percentage than they should.
Not to mention corporates with different share classes where the ones with voting rights are to a large degree privately held and the ones traded publicly do not have vote rights, such as Tesla [2].
> Every single time communism has been tried, it inevitably ends up that ultimate power rests in the hands of a few.
So where's the difference to the current situation, where those with the "ultimate powers" in society are effectively under control of their party donors? At least in communism, everyone had a right to a home to live in and to a decent employment matching his skill (see e.g. Art 24 sec. 1 of the Constitution of the former GDR [3]).
[1]: https://www.cambridge.org/core/journals/business-and-politic...
[2]: https://www.thestreet.com/investing/stocks/how-elon-musk-con...
[3]: https://www.kas.de/c/document_library/get_file?uuid=9c5c691c...