@light @SuperDicq it's an extension of "why democracy doesn't really work", basically. So say we have a publicly traded company. Who are the shareholders? Rich people who can afford to buy shares, NOT customers or people interested in company's actual product. What rich people want? To get richer. What do rich people care for in a business? To make more profit. Do they care about anything else? Not really as long as it doesn't affect profits. Those people also like passive income and not get too involved/invested in the business so they don't want to take risks until profits drop too low. What do we get in result? A company run by rich fucks who are only interested in making company being more profitable at expense of pretty much everything else including customers privacy and rights. This most likely undermines company's original purpose and its raison d'être.

I'm not saying privately run businesses are inherently good but i'm saying that publicly ran businesses are inherently bad because they ARE ruled by rich fucks.