Forbidden Knowledge TV
June 15, 2015
Modern capitalism looks very different than it used to. Workers not only used to own capital but also had the relevant interests, talents and abilities to carry out production.
Today, institutional investors, not laborers, own most of the stock market. And unlike the average work over which they lord, the rent-seeking financial elites who run retirement funds and pensions have none of the skills to involve themselves in producing what’s at the heart of wealth.
Could societies institute economic democracies where institutional participants would decide on business policy?