> We've spent the last 80 years (ostensibly) talking about how great representative government is, then we let people own a majority of voting shares so that they can run companies like dictatorships.
I think it’s basically admitting that the right dictator, if they are there based on merit, can really perform better than someone who wins by their skill at campaigning. Forget voting shares - even when a single person doesn’t have that amount of control, you have a small board elected by shareholders who is essentially electing a dictator.
Personally I think most companies would do far worse if rank and file employees selected the CEO. But I haven’t thought much about it. Curious what ideas HN has on this aspect.
I think it’s basically admitting that the right dictator, if they are there based on merit, can really perform better than someone who wins by their skill at campaigning. Forget voting shares - even when a single person doesn’t have that amount of control, you have a small board elected by shareholders who is essentially electing a dictator.
Personally I think most companies would do far worse if rank and file employees selected the CEO. But I haven’t thought much about it. Curious what ideas HN has on this aspect.