what it is: capital+ism. the investors call the shots
what normies hear when you say the word: free market. buyers - of the company's product, not its "equity" - call the shots
the more times someone wearies themselves re-debunking that myth, the more people there are who will have learned that distinction for the first time
@carcinopithecus I wish investors called the shots.
In reality, it's the creditors that call the shots. In any typical corporation, whoever is owed money gets first crack at the profits. Should the company fail, it's the creditors (not the investors) who seize the assets.
Afterwards, it's the preferred shareholders who, because of legal reasons, get compensated.
Finally, it's the common shareholders. They get whatever's left (if any).
This is why co-ops need to be a thing.
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