Comments by "Julian The Apostate" (@juliantheapostate8295) on ""TIK's definitions are wrong!" (about Socialism & Capitalism)" video.

  1.  @dirremoire  That's the job of the person arguing from the other side. I'm not surprised you find that's in our British character, our legal system works this way also
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  2.  @timacbluke7017  No, he's right about that. The non-socialist version is known as a private limited company where the shares are not open to the entire public to buy
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  3.  @wtice4632  Anything right of Marxist-Leninism, seems to be the common definition these days
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  4. Yes, and that's why the latter is called a 'public corporation' in the UK, which is different from a 'public limited company' The BBC is an example of this
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  5.  @FeherMate  A very large portion of shares (actually the majority) are owned by mutual investment funds, divided up into the proportional share of individual investors. This is about as socialist as you can get, minus the mass murder and deliberate famine
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  6.  @wtice4632  100%
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  7. King John had a high tax, high regulation society in medieval England
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  8.  @MintyLime703  Indeed, but no country in the world fits that description, because of central banking
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  9. That may be a US term. In the UK a 'close' company is where there only a handful of shareholders, the majority also being directors. These are not public entities, because the shares are not listed for purchase by anyone
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  10. Easy peasy. In the UK, a 'plc' is a public limited company. A 'Ltd' is a private limited company. We do things right
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  11. Just a quick note Lewis to say that your definitions of public and private align with my understanding of company law and share ownership. I work in that industry
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  12. Shares are also owned by states, governments, pension funds and charities, therefore they are public, not private
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  13. Indeed. Converting a public limited company into a Ltd company by delisting it is making it private
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  14. That's right. If the shares are listed they're public. If not, they aren't. It's even in the name; 'plc' is public limited company and 'Ltd' is limited company (limited by shares, that is)
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  15. Hi Tobias, If anyone in the world can buy the shares (i.e. they have a listing) then it is a plc (public limited company). If only the directors, or key people can buy the shares, then it is a Ltd company (a private organisation) Most big companies tend to be plcs, although there are some pretty big Ltd companies (usually wholly owned by plcs though!)
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