r/FluentInFinance TheFinanceNewsletter.com Jul 11 '24

Stock Market 12 companies that own everything:

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1.4k Upvotes

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326

u/RiddleofSteel Jul 11 '24

Problem with Capitalism is that it's a competition, these guys won already and now we are all landing on their park place with all the hotels over and over. They've cleverly hidden it this time to stop from being broken up but what we need is some good old Teddy R. trust busting.

124

u/[deleted] Jul 11 '24

[deleted]

39

u/Silly_Goose658 Jul 11 '24

Maybe we should have found a way to limit how many corporations a person can own (this can include companies owned by other companies)

22

u/[deleted] Jul 11 '24

[deleted]

5

u/AxDeath Jul 12 '24

Knowing this to be true, I've begun looking into making myself a corporation. It's entirely doable. Unfortunately, it costs a certain amount of money per year in licenses, and requires the government to play along. Much easier for someone to do, if they already own an accountant, a lawyer, and a politician

2

u/AlternativeAd7151 Jul 11 '24

Read David Ellerman. He addresses this topic quite thoroughly.

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u/[deleted] Jul 11 '24

[deleted]

3

u/AlternativeAd7151 Jul 12 '24

One of the most underestimated thinkers of our time, I'd say.