On a shortcoming of neocameral terminologyhttp://tonreihe.tumblr.com/post/153616158905/on-a-shortcoming-of-neocameral-terminology …
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Replying to @tonreihe
"... would there be an investment market in the shares of these states ...?" -- I'm going (hard) for "yes".
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Replying to @Outsideness @tonreihe
... "Don’t suppose that you can reduce the political to the non-political." - Without the extermination of politics, it's nothing.
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Replying to @Outsideness @tonreihe
Has this person never heard of activist investors?
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Replying to @ja_wentworth @Outsideness
Yes, I have heard of them. Actually existing publicly traded shares make it difficult to do.
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is it all that difficult, or is it just that selling into a hostile takeover is easier?
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Replying to @anomalyuk @tonreihe and
I think the system works well enough that shareholders rarely need to fight management.
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Replying to @anomalyuk @tonreihe and
when they do need to, they win. Takeover happens to be the most straightforward mechanism
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... If you think management sucks, you don't haggle -- you dump your stock. ...
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... The stock-price tanking then sends a message (stripped of the noise that direct voice would include).
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