5 ms·
Boards appoint executives, boards are voted in by shareholders, shareholders are determined by $, the more money you have the more votes you can buy. Companies
by devbent 3y ago
Boards appoint executives, boards are voted in by shareholders, shareholders are determined by $, the more money you have the more votes you can buy.
Companies are, in theory, dysfunctional representative republics.
- rayrey 3y agolol,this is basically dialog from the original Robocop movie
- mrguyorama 3y agoHaving to BUY a vote explicitly removes any consideration of it being any form of democracy. Democracy requires suffrage as a right, not a commodity.
- logifail 3y ago> Democracy requires suffrage as a right, not a commodity There are plenty of "democracies" where suffrage depends on one having the appropriate citizenship. Full disclosure: I have permanent residency - and pay my taxes - in a country where I'm neither allowed to stand for election nor allowed to vote...
- semiquaver 3y agoIndeed, Democracy originated in an environment where suffrage was highly limited. https://education.nationalgeographic.org/resource/democracy-ancient-greece https://education.nationalgeographic.org/resource/democracy-...
- devbent 3y agoI did say "dysfunctional". But yeah, historically voting rights in many places were tied to land ownership. (And also genital arrangement)
- bccdee 3y agoNo, they're plutocracies, in the most literal sense. The involvement of votes doesn't factor into it. The "public" in "republic" refers to the public at large. A private corporation, being privately held, is necessarily not republican in any sense.