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I take your point.

But I don't see how diffusion is a problem; it's simply decentralization. I think the main problem is disengaged owners who think they can buy-and-forget.

If every owner paid even a modicum of attention (even just skimming the annual report) and every owner voted their opinion, we'd see a much better corporate America after one single year.




If every person worked collaboratively on things pretty much everything would work better but collective action is intrinsically difficult to achieve.




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