this post was submitted on 29 Feb 2024
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Lemmy Shitpost

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[–] MotoAsh@lemmy.world 1 points 8 months ago (1 children)

'Ownership of things DOES get distrivuted..."

Uhhhh, no? Are you dumb? Owning stock in a company is far, FAR removed from owning any part of a company's assets.

[–] TexMexBazooka@lemm.ee 0 points 8 months ago* (last edited 8 months ago) (2 children)

Ok, so are we talking about assets or capital?

[–] sharkfucker420@lemmy.ml 3 points 8 months ago

Capital is not money, capital can be represented by money but it is not inherently money. Capital is something you use to buy someone's labor. More specifically it is the social relationship between wage labor and profit. Assets (private property) used to produce profit (surplus value) are capital

Capital is “the characteristic the means of production acquire when they are used to hire labor and generate surplus value”

"Capital is dead labour, that, vampire-like, only lives by sucking living labour, and lives the more, the more labour it sucks."

[–] MotoAsh@lemmy.world 3 points 8 months ago (1 children)

You do not get any access to the company's resources. There is no dollar sitting in company coffers for your dollar of investment. You don't get to decide what that money does what so evwr, and its value is speculative on the performance.

That is far, far, far removed from owning or controlling any part of a company's capital.

[–] metaStatic@kbin.social -1 points 8 months ago

I've been part of multiple board elections where the little people have deciding votes because a 3rd party institutional investor needs to rally the retail investors to oust the current board for environmental ~~crimes~~ reasons.

Having a vote is having control of capital ... and they pay you for it with dividends too.