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What if we got rid of stocks? (lemmy.world)

submitted 2 days ago by bonus_crab@lemmy.world to c/asklemmy@lemmy.world

78 comments fedilink hide all child comments

Ive often seen individuals on the left talking about how billionares shouldnt exist etc., but when probed on how that could be accomplished the answer is usually just taxes or guillotines. I dont think either is great.

What if instead, corporations were made to be unable to be sold or owned. Initially theyre made to default to popular election for their board, and after that they can set up a charter or adopt a standard one, ratified by majority vote of their employees.

Bank collapse would probably follow, how could that be remedied? Maybe match the banks invalidated stocks with bonds?

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[–] AmidFuror@fedia.io 13 points 1 day ago (2 children)

I read this as "socks" and thought "What the hippy shit is this?"

Then I realized my error but still wondered the same thing.

[–] BenLeMan@lemmy.world 1 points 1 day ago

I was also wondering if this is a continuation of the socks as a social construct thread.

Unlike you, however, I don't consider the idea to be "hippy shit" at all. In fact, I've often thought that we might be better off without corporations. Entrepreneurship is what we need, not impersonal investment.

[–] raynethackery@lemmy.world 1 points 1 day ago

I wish I could live the rest of my days without socks.