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Why should you get a vote? You don’t get a vote on what groceries I buy. What entitles you to a vote on this purchase decision? (In this case “all the votes”

Why should you get a vote? You don’t get a vote on what groceries I buy. What entitles you to a vote on this purchase decision? (In this case “all the votes” means when making decisions on actions a particular corporation is considering, not any vote on anything)

heeen2 2y ago
Lots of places take vote on what you can buy, eg weed, alcohol, which additives are allowed and so on
- throwaway3572 2y ago
  The creation and transacting of corporate shares is also highly regulated. But it doesn’t address the question of why a third party should get a vote that helps decide a particular corporate action. Votes that limit the possible actions of all corporations equally are a different thing.
  - int_19h 2y ago
    OP was talking about the overall social arrangement. One possibility would be to give employees (of all corporations!) some collective power over the company, as a fundamental requirement of incorporation.
  - ryandrake 2y ago
    Ultimately, the corporation is operating (and gets legal support like corporate personhood and limited liability) because the public permits it through the state approving its corporate charter. The public allows the company to exist, and in exchange, the company is supposed to serve at least some vague public good. Technically, the public has the power to revoke the company's charter if that's in people's best interest. The general public are all stakeholders that are affected by the actions of the corporations they allow to exist. They ought to have a say. In practice, we as a people have pretty much given up that say, and the world as it exists today is the result: Corporations running amok doing whatever they want, answering only to shareholders.
elliotto 2y ago
Because societies in which not everyone gets a vote end up collapsing as those with the vote are eaten by those without

heeen2 2y ago

Lots of places take vote on what you can buy, eg weed, alcohol, which additives are allowed and so on

throwaway3572 2y ago
The creation and transacting of corporate shares is also highly regulated. But it doesn’t address the question of why a third party should get a vote that helps decide a particular corporate action. Votes that limit the possible actions of all corporations equally are a different thing.
- int_19h 2y ago
  OP was talking about the overall social arrangement. One possibility would be to give employees (of all corporations!) some collective power over the company, as a fundamental requirement of incorporation.
- ryandrake 2y ago
  Ultimately, the corporation is operating (and gets legal support like corporate personhood and limited liability) because the public permits it through the state approving its corporate charter. The public allows the company to exist, and in exchange, the company is supposed to serve at least some vague public good. Technically, the public has the power to revoke the company's charter if that's in people's best interest. The general public are all stakeholders that are affected by the actions of the corporations they allow to exist. They ought to have a say. In practice, we as a people have pretty much given up that say, and the world as it exists today is the result: Corporations running amok doing whatever they want, answering only to shareholders.

elliotto 2y ago

Because societies in which not everyone gets a vote end up collapsing as those with the vote are eaten by those without