0 points
Owning public stock is legally indistinguishable from directly owning a joint business venture.
7 points
Plenty of things are legally indistinguishable but real world applications are often quite different.
Though I would also challage that claim since owning a joint business gives you legal deciding power while owning 1 stock does not, you get zero votes from that.
1 point
3 points
Gee, who decided what is legally equivalent? Certainly not the people with wealth to buy politicians and judges.
1 point
