Money spent buying things is good for an economy & even stands a chance of increasing egalitarianism. In contrast, money invested is far more chaotic— And yet? When people run out of things to buy it is said then they must invest. And when invested in by others? well then you must reshape your actions, not even to the whims of your investors but rather to serve the legally binding needs of the “bottom line.” A line which may, when best served, lead you to discover yourself enacting cruelties you could not have managed to imagine (much less perpetrate) for the pedestrian, greedy task of merely increasing your own money. No, now you commit atrocities with all the credulous honor of a high priest in the name of shareholders and “fiduciary responsibility.”
Herein, at last, we see the corporation: opening its eyes, becoming a sentient, ravenous creature of abstractly defined desires. The first AI running on a mechanical computer made of the actions and choices of thousands of people.
I’m not so naive to suggest no joint ventures or limited liability should exist. It’s true sometimes people have a good idea, but no money— a goal of great expense, raising capital to make it happen then is only right.
I wish simply there was more care for how we shape the creatures we choose to embody— a need not just to raise money, but also to earn trust of a kind of quorum of individuals ready to take responsibility for the new monster. No more illusions of magic boxes where one would place a sum of money at night to then find it increased by dawn.
What I’m saying is in essence this: those we call “investors” are often not invested in the companies they realize at all! Many of these would be horrified by the ‘work’ their money has enabled. Or disgusted with the frivolous and intrinsically fraudulent character of the corporate projects they have sponsored; this system so designed to make exploitative extraction, liquidation mines and even pure con jobs not just easy, but inevitable, ordinary, and most conveniently morally distant.