Prior to stocks we had feudal lords created out of vast private land holdings. Stocks at least abstract ownership out into a more democratic mechanism. The notion is sound but the current implementation is incomplete, for the same reason the prior innovations were, the initial uninformed creation become too easily corrupted.
Prior to stocks we had feudal lords created out of vast private land holdings. Stocks at least abstract ownership out into a more democratic mechanism. The notion is sound but the current implementation is incomplete, for the same reason the prior innovations were, the initial uninformed creation become too easily corrupted.