Stakeholders need to be tied to capital ownership to prevent rent seeking and the coercive consequences therein.
Worker and consumer coöperatives solve this problem, but the tax structure has been deliberately designed to disincentivize this and for IPOs and nepotism.
Stakeholders need to be tied to capital ownership to prevent rent seeking and the coercive consequences therein.
Worker and consumer coöperatives solve this problem, but the tax structure has been deliberately designed to disincentivize this and for IPOs and nepotism.