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Financial engineering as a discipline is insane. Literally the definition of insane: seriously mentally ill and unable to live in normal society [0] -- so detached from the "normal" reality most people live in, and taken hold like a schizophrenic about things that only exist in one's own head.

Shareholders are rent-seeking parasites. They have put down an initial investment to purchase some asset, and now consider themselves given the right to lord over those who labor for that asset, while providing little in value (no different than absentee/"hands-off" landlords).

It would be one thing to actually loan a set amount of money, with a set payback period that ends sometime in the future. It is another to declare oneself a relative God Emperor, and shackle others for entirely one's own benefit, in perpetuity.

To continue the metaphor, the wild can no longer feed itself, because of a set of people taken hold by delusions have irreparably destroyed the wild's ability to. No different than someone buying a cat, and keeping it locked up in a house all day. Yes, food and shelter is provided -- but a cat would be able to achieve those for itself, were it not for a chain of man-made events that landed it in such a predicament. The cat would've either not been born and never landed itself at the mercy of others, or would've been born in the wild, and lived without a sovereign ruling over it.

[0] https://www.oxfordlearnersdictionaries.com/us/definition/ame...

[lotsofpulp]

Do you have a better system in mind?

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Outlaw modern-day corporate trafficking. You cannot buy pieces of a person; corporations are legally people; you should not be able to buy pieces of them.

Remove the corporate veil. All liability will rest upon a corporation's guardians. Bankruptcy, and civil and criminal suits, will personally affect the officers and shareholders of said corporation (and their assets). The same way, if your child goes out drinking and driving, the parents are now liable for any people slaughtered along the way; or if your dog goes out and mauls some child, it will be put down and you will face restitution for damages.