Tesla is an exception. Wall st money comes with endless strings. People like Romney control the street and he called Tesla a loser.Id rather see Tesla crowd sourced some how. Maybe the public’s share would be held unallocated, but the capital behind it put to use. I see the stock market in theory working better for small firms but rarely in practice. Better that large firms be converted to full employee ownership and delisted. Or convert the firm into a DAO, but do it in a way that takes care of present and past employees even as it devests them. I think big firms need to be subject to charter revocation which will happen automatically if they begin to act against the public interest.
I have the sense that stock holders almost never have a positive effect on a business. Its an ugly and direct means to convert money into raw power by increasing the percentage of stock owned. The stock holders make idiot ownership claims and the firm ends up being run from the rear view mirror
, they are like credit cards that can’t be paid off. The focus becomes the useless kind of profit. Is there a quicker way to weaken a business and turn it into a public menace?
We don’t even have accurate ways to get info on firms. If we could get rid of sponsored media we could have much better stability. Note, today the sponsored media is distracted by the deaths of two journalists for the sponsored media and Jeb Bush is saying more respect for paid liars. When the US gov was murdering journalists in Iraq that wasnt covered but now two possibly conspicious deaths are covered possibly to distract from market manipulation of the impact of sponsored articals meant to tank the market.
We have to stop tracking gain through DJIA and GNP. These numbers going up has reached a point where its bad for most people.