• metaStatic@kbin.social
    link
    fedilink
    arrow-up
    1
    arrow-down
    1
    ·
    8 months ago

    I’ve been part of multiple board elections where the little people have deciding votes because a 3rd party institutional investor needs to rally the retail investors to oust the current board for environmental crimes reasons.

    Having a vote is having control of capital … and they pay you for it with dividends too.

    • GivingEuropeASpook@lemm.ee
      link
      fedilink
      English
      arrow-up
      1
      ·
      8 months ago

      But it isn’t the same as if the entire working class had a collective say in the capital, not just those who choose to and have the resources to pay in. It isn’t the same as the workers of that company having a say in their working conditions, shift lengths, compensation, etc.