this post was submitted on 02 Jan 2026
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There's a pretty huge number of people who own enough shares of tech companies that rapidly exploded in value to never step foot in an office again. They literally do control what the CEO of the company does. But because of the distribution of individual interests among many people, it's ultimately best to think about capital itself being the force that a CEO responds to, because that's what the shareholders have and wish to increase.
Good point. Seeing the capital itself as a force to respond to is pretty convincing.
Still, money is not the main point here. The old money folks dont exist in a vacuum. If you took their money tomorrow, they would be back in money the day after because they built dynasties and networks of favors to call in over the decades or even generations. I dont think we know enough to really judge what their clubs and hidden communities even look like. Things like the rotary or lions club are the most visible and somewhat accessible if you are in the top earners of the working class (dont ask me how I know). I'm fairly certain there are clubs that you only get into if you are in completely different worlds, financially. I worked for a german private bank once (hauck & aufhäuser) which is famous for their investment banking scheme. Pretty sure they have special programs for their top customers to make them known to each other.
We would really benefit from a person like Engels who is both a capitalist and a marxist who spoils the secrets.
Good point. Seeing the capital itself as a force to respond to is pretty convincing.
Still, money is not the main point here. The old money folks dont exist in a vacuum. If you took their money tomorrow, they would be back in money the day after because they built dynasties and networks of favors to call in over the decades or even generations. I dont think we know enough to really judge what their clubs and hidden communities even look like. Things like the rotary or lions club are the most visible and somewhat accessible if you are in the top earners of the working class (dont ask me how I know). I'm fairly certain there are clubs that you only get into if you are in completely different worlds, financially. I worked for a german private bank once (hauck & aufhäuser) which is famous for their investment banking scheme. Pretty sure they have special programs for their top customers to make them known to each other.
We would really benefit from a person like Engels who is both a capitalist and a marxist who spoils the secrets.