Many people don't realize that by refusing to buy stocks and bonds, they forfeit their own voice in complaining about "the corporations" because they lose a shareholder's vote.
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Many people don't realize that by refusing to buy stocks and bonds, they forfeit their own voice in complaining about "the corporations" because they lose a shareholder's vote.
I agree that the voting power is extremely important. Unfortunately, the central banks seem to have things fixed in ways that reduce the impact of voting power.
For example if you have a mutual fund or brokerage managed account; then the manager of the fund has your voting rights.
Even worse, the market now seems to be dominated by huge private equity firms. These private equity firms can swamp individual voters.
Investor tools like shorts and naked shorts can change the number of votes.
Patrick Byrne has a great presentation called Deep Capture which describes some of the underhanded things done in the stock world. Mr. Byrne actually advocates selling stocks on the block chain because the stock clearing houses have been captured.
Libertarians should not only emphasize that stock ownership gives people voting rights, but they need to protect the voting rights of the people.