Comment by Timon3
14 hours ago
> It's one share, one vote.
This is just wrong. As kmeisthax mentioned, shares can have different voting weights - if any at all. Many shareholders have no voting power.
> I employed a painter a few months ago, and I decided what colour the kitchen now is.
Did you actually employ them, or did you buy a specific service?
Indeed, shares can have different voting weights. And that matters, if you care mostly about the corner cases.
Well, it matters a whole lot once you choose to bring up "One share, one vote" in response to "One person, one vote", since it shows that it's either wrong or shows a gross misunderstanding of democracy.
IMO it matters roughly as much as it's common. Do you know any country where, say, 10% of public companies have non-voting stock your can buy and voting stock your cannot easily buy? 20%? 50%?
A hypothetical country with multiple classes of citizens that had different rights and voting powers would not inherently be undemocratic. It's not something I'm in favor of but equality != democracy.
4 replies →