And this matters, enormously. The whole essence of shareholder capitalism is that there should be appropriate checks and balances so that the shareholder’s interests are protected. But when the real owner of an entity is literally unidentifiable by the entity itself, and also by that real owner – and that is now the norm- then this logic fails, completely. Not only is there no accountability by corporations, but the real shareholders do know that they can, or should, hold the entity to account. The whole logic of shareholder capitalism fails.
Therefore the entire economy should be run
by some bloke in Ely by civil society.