I think that what we really need to do is move from corporation centric business to a new model in which every employee is also a stakeholder in some fashion. Corporations are what make our system “capitalist”. We have empowered sociopathic entities that rival governments.

Imagine that instead of “raising capital” one “enlists participants”…

I don’t have a full prescription for this. The idea is notional. The motivation for the idea is to preserve the freedom to create new enterprises, but using an approach that is not based on obtaining capital from non-participatory investors. The dichotomy between investors and workers is a toxic one.

I think this is a better approach than what is often proposed: socialism, which has its own problems because it puts faith in a single entity: the government.

As for entities like Walmart, Amazon, Exxon, Comcast, Apple, Google, and all those big corporations that comprise oligopolies — enabling them to dominate markets and thereby limit choice — and that are so big that they have the influence of governments, I don’t know what can be done. They are already too big to touch. We really need to be thinking about the next ones, because the current companies will be replaced by others. The lifecycle of a company today is shorter than ever. Exceptions exist but are few.