The mechanism have evolved. It used to be that one had to have 51% ownership, or the capacity and willingness to use brute force.
With the modern corporation, however, all that is needed is "Controlling Interest". Thanks to Proxy Voting and other means, "Controlling Interest" can be obtained with as little as, for example, 5% ownership.
Or ownership by like-minded entities can be turned into Controlling Interest. Blackrock doesn't have to own 51% of anything. It can combine with others.
NextDoor is on my list of things to write about. Here's a simple illustration about "Ownership":
When it comes to censorship and mind control, I'd submit that NextDoor is worse than Facebook. Yet NextDoor is marketed as your friendly neighborhood hangout where people get together. While that happens, it is within the confines of a very small cage.
The mechanism have evolved. It used to be that one had to have 51% ownership, or the capacity and willingness to use brute force.
With the modern corporation, however, all that is needed is "Controlling Interest". Thanks to Proxy Voting and other means, "Controlling Interest" can be obtained with as little as, for example, 5% ownership.
Or ownership by like-minded entities can be turned into Controlling Interest. Blackrock doesn't have to own 51% of anything. It can combine with others.
NextDoor is on my list of things to write about. Here's a simple illustration about "Ownership":
Vanguard Group, 4.56%
Blackrock, 4.41%
https://www.wallstreetzen.com/stocks/us/nyse/kind/ownership
When it comes to censorship and mind control, I'd submit that NextDoor is worse than Facebook. Yet NextDoor is marketed as your friendly neighborhood hangout where people get together. While that happens, it is within the confines of a very small cage.