Morning thought: can we make stock selling illegal for certain public companies that have their customers' lives at stake, like, say, Boeing?
Think of it: the average Joe down the street from you who has stocks in the company has more deciding power regarding the airplane that’s going to fly you to your vacation next month than the engineers who built it.
My point is that certain decisions belong in the heads of experts, not the general public.
Can you imagine surgeries being subsidized the same way? "Oh, I don't think you need to do an open heart surgery, doc; it's kinda costly... here, just replace this valve with this plastic cap I found. It will work, right?"
@mykhaylo there's more to discuss here, and I'm responding out of reading your profile and mostly agreeing with what you're saying. In other words, you're not a troll, and you made me think more. So, thanks for that.
@jtr bad management optimizes short-term shareholder value. Then stjddiie this happens and heads fly and new policies are made, and cost-cutters are forces to look in other places for targets. Good management optimizes long-term shareholder value, where things like quality matter a lot and costs don't get cut in the first place. In either case it's consequences of decisions that were seeing. And please don't hope that socialist management peoduces better planes, cause I've flown in those :)
@jtr the main point is that you can have better and worse decisions in any legal system or property structure. People are like that, some do a better job, some do worse. Even in very important positions.
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