Comments by "Kim O\x27Brien" (@kimobrien.) on ""TIK's definitions are wrong!" (about Socialism & Capitalism)" video.

  1. The reason for calling Amazon a Public company is it shares are publicly traded on the NASDAQ stock exchange. Since it is publicly traded it comes under the rules of the Security and Exchanges commission whach was set up as part of the New Deal to save capitalism and return "faith" in "honest" markets. According to your definition of socialism the United States was probably more Socialist than the Soviet Union in 1929 before the stock mrket crash. Everyone was conned into put every extra dime into the stock market.
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  2. I can create a corporation for business purposes for about $20 in any state of the union. Now if I want to raise capital from a stock exchange I must contract with the exchange to be listed and then come under the rules of the federal SEC. So the corporation is privately owned. Only a very select few corporations receive national charters from Congress. The number of shares you own usually determines the number of votes you cast in elections for officers. The trade union is seperate from the federal gov. or state with the exception that they want the federal gov. or state to certify them as the bargaining representative for which a secret ballot election is petitioned for and granted. .Should the workers which to decertify an election or change certification an election can be held. Since trade unions came about differently in Britain I don't know how you join or don't join one.
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  3. Karl Marx calls for the abolition of private property the property used to exploit others. So that is why there was no stock market in the Soviet Union and other workers states. A trade union is one man one vote. A company is one share of ownership one vote.
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