At what point will corporations become independent from the people?
I buy one share of stock in Widgets Inc and Skip Johansen buys one share of Happiola Corp. Widget Inc. invests and buys stock in Happiola Corp. Then I sell my stock and it's bought by Happiola Corp. Skip sells his stock and it's bought by Widget Inc. Who owns the companies now?
It's a very dumbed down version but it can happen right? My concern is that these companies are now all self serving entities who don't have any other motivation besides profit. It's a flaw in capitalism. I kinda get a sense that this is coming. Granted, I know people still own shares and parts of funds that own the companies. But I get a little concerned when companies are allowed to purchase stakes in other companies. It seems that it almost like a grand pyramid scheme.