Bring in a law that ensures that every company has an owner, who owns at least 51% of the company. This owner must be a UK subject, predominately residing in the UK.
This owner should be responsible for the behaviour of the company. This should add a layer of accountability to otherwise unaccountable corporations. Afterall people often say that corporations act like psychopaths, if there is a person responsible for that company then this is mitigated. This also should remove all of the “corporation has the rights of an individual but can never face the consequences of an individual”.
Moreover owners have very different incentives that are more conducive to the country than low % stock holders.
Stock holders are incentiviesed by the value of the stocks and not the total wealth created by the company, i.e. the profit margin.
Whereas owners are motivated by total profit.
Margins are useful when deciding where to put investment, high margins usually mean high demand and low supply.
But when companies are refusing work so that they only have high margin contracts etc. something is wrong.
As tax and consumers do not care about margin but about total profit/created wealth, then that is what should be incentivised.
For example stock price wise it makes more sense to have a £1mn investment turn into £2mn profit, but tax/consumer/owner wise it is better to have £10mn turn into £15mn profit.
Even though the margin on the first investment is 100% and on the second its only 50%, the total amount of created goods is far higher and the amount of tax brought in is much higher.
Other benefits of this is that it removes the malignant influences of hedge funds on companies, no longer will blackrock or vanguard be able to place the board they want in a company that pushes for ESG / DEI changes.
It removes the motivations to asset strip the companies, which is good for workers. And completely removes the ability for stock holders to asset strip them without the buy in of the owner.
It also reduces foreign influence over the private sector in the UK.
Anyone who has read some dissident right material will realise that much of this is the same argument used for Monarchy, from people like Thomas Hobbs or Curtis Yarvin.
