Below is a link that I ran across this morning about
Stakeholder Capitalism or the
World Economic Forum's,
The Great Reset. Or more commonly known as, President O'Biden's
Build Back Better program.
"If you wholly own a car, how would you feel if your local councilor can dictate a day a week when you must lend it to a complete stranger?
If you wholly own an apartment, how would you feel if the local parish was given the right to inject two new residents to live in it, picked at their discretion, and at your cost, too?
Now consider a case where you have a “fractional ownership” of a holiday home. This means the initial outlay and costs are split among a group of owners. Typically, you may get to use it (or rent it out to your monetary benefit) one week every year, say, by scheduling your right to do so. A deed may govern the rights of usage and transfer and the obligations to contribute your “share” toward maintenance and other dues.
Shareholders in aggregate are 100% owners of corporations, but each shareholder is a fractional owner. As a group of owners, shareholders’ rights and obligations are governed by contracts they enter into explicitly (via shareholder agreements in privately-owned, unlisted corporations), or, in publicly-listed corporations, their rights are set out at law. Shares in publicly-listed entities typically come with no further obligations to make contributions, only with rights to participate in a new capital raise, vote at shareholder meetings, sell shares, etc..." - Vinay Kolhatkar, The Savvy Street
Well worth 5-minutes of your time to read, ponder, and comment on.
