Comment by r14c

Big agree, at a certain point a company is big enough that their impact has to be managed democratically. I don't have an issue with effective leaders, the problem is that we reward a certain kind of success with transferable credits that don't necessarily align with people's actual talents or skills.

I want skilled institutional investors who have a track records of making smart bets. I don't want a random person who happened to get lucky in business dictating investment policy for substantial parts of the economy. I want accountability for abuses and mismanagement.

I know China gets a bad rep, but their bird cage market economy seems a lot more stable and predictable than this wild west pyramid scheme stuff we do in the US. Maybe there are advantages for some people in our model, but I really dislike the part where we consistently reward amoral grifters.