But why can’t you have the best of both situations from the publics perspective? You could require companies to disclose financial numbers if above a certain size, even if privately owned. That wouldn’t force the owner(s) to be beholden to anyone, they just have to report the numbers. It’s what we do here.
When you say “the reality is”, do you mean that the existing players are just too powerful to allow it? Or is there something inherint to the system that wouldn’t allow it?
But why can’t you have the best of both situations from the publics perspective? You could require companies to disclose financial numbers if above a certain size, even if privately owned. That wouldn’t force the owner(s) to be beholden to anyone, they just have to report the numbers. It’s what we do here.
When you say “the reality is”, do you mean that the existing players are just too powerful to allow it? Or is there something inherint to the system that wouldn’t allow it?