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2026-02-13 22:59:09 UTC
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Daniel Lakeland on Nostr: Musk is busy doing other stuff, he is not actually *running* this bike company, he ...

Musk is busy doing other stuff, he is not actually *running* this bike company, he merely owns it. Similarly I merely own some shares of various companies in my IRA or whatever, I don't participate in any of them.

As owner Musk now is in a position to extract profit. But how? Bichler and Nizen argue that capitalist owners of corporations extract profit by a protection racket.

/n