Jonathan Hunt argues that the time has come for Democratic Capitalism
When David Cameron calls for shareholders to make decisions about pay and other issues in the companies they are listed as ‘owning’ he was not, of course, talking about the real owners.
Since World War Two, the 80:20 rule has been more than reversed. In the 1940s, getting on for 80 per cent of shares were owned by individuals. Today, that proportion is a less than 20 per cent. The shares are held in the names of pension funds, fund managers, insurance companies and other parasitical institutions.
The people who run them …





