this post was submitted on 22 Feb 2025
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Given their propensity for allocating the funds to themselves, probably.
Lets be realistic here, the reality is that most of the managerial staff including the C suite people don't have the skill set to make rational judgements on the working of the company either.
Oh but they have so much bootstraps! Bootstraps that would be the envy of anyone in the factory floor. They made their own bootstraps if I remember correctly, they learned that in private school for bootstraps!
And then when it gets big enough, all decisions get filtered through C-level, their hangers on, and a roughly "democratic" board. In the sense that multiple people vote on the best course of action, not that they represent the workers.
Oh, look, all of a sudden a diverse array of inputs is providing value. Weird.
You can use all of these same arguments to argue against democracy in nations, too. The average person has no idea how the nation works, all of the ins and outs of government, to say nothing of the larger global stage. Clearly what we need is a monarchy!
How so? As I said, the reasons you gave would apply to both. Most citizens are not educated in political science; they don't understand foreign policy, etc.
We don't vote for how the government allocates funds, though. We vote for representatives who do that for us. It could be much the same in corporations: you would get to vote for your bosses.
He wouldn't need to count boxes if the books were shared with the whole company, would he?