I own a company and I have a problem to be honest I think we all have a problem
be honest I think we all have a problem
be honest I think we all have a problem because we all stopped to discuss one of
because we all stopped to discuss one of
because we all stopped to discuss one of the most important questions a question
the most important questions a question
the most important questions a question that affects all of us a question people
that affects all of us a question people
that affects all of us a question people died 400 years ago and revolutions
died 400 years ago and revolutions
died 400 years ago and revolutions private ownership or state ownership
private ownership or state ownership
private ownership or state ownership capitalism or communism who should
capitalism or communism who should
capitalism or communism who should control the institution that all of us
control the institution that all of us
control the institution that all of us spend most of our time in who should
spend most of our time in who should
spend most of our time in who should control our company’s greedy capitalists
control our company’s greedy capitalists
control our company’s greedy capitalists or mindless bureaucrats or maybe it just
or mindless bureaucrats or maybe it just
or mindless bureaucrats or maybe it just maybe none of them
maybe none of them
maybe none of them many people say fact capitalism but you
many people say fact capitalism but you
many people say fact capitalism but you know should we fuck capitalism
know should we fuck capitalism
know should we fuck capitalism and if so how
at this point I have to make a
at this point I have to make a confession I am a capitalist I found my
confession I am a capitalist I found my
confession I am a capitalist I found my first successful business when I was 16
first successful business when I was 16
first successful business when I was 16 and while my friends had girlfriends I
and while my friends had girlfriends I
and while my friends had girlfriends I fell in love with my company I loved
fell in love with my company I loved
fell in love with my company I loved private ownership you know it gives you
private ownership you know it gives you
private ownership you know it gives you the power to shape the environment you
the power to shape the environment you
the power to shape the environment you live in you’ve an idea at night you can
live in you’ve an idea at night you can
live in you’ve an idea at night you can realize it the next day you identify a
realize it the next day you identify a
realize it the next day you identify a hundred percent with what your own it’s
hundred percent with what your own it’s
hundred percent with what your own it’s like having a child you feel responsible
like having a child you feel responsible
like having a child you feel responsible for the company like a parent you know
for the company like a parent you know
for the company like a parent you know if if the company is struggling or ill
if if the company is struggling or ill
if if the company is struggling or ill you have to be there you can hide you
you have to be there you can hide you
you have to be there you can hide you come make excuses and that is what’s so
come make excuses and that is what’s so
come make excuses and that is what’s so great that is what’s so great about
great that is what’s so great about
great that is what’s so great about private ownership it clearly defines who
private ownership it clearly defines who
private ownership it clearly defines who is responsible and accountable not
is responsible and accountable not
is responsible and accountable not nobody not everybody you as the owner
nobody not everybody you as the owner
nobody not everybody you as the owner you are responsible and accountable for
you are responsible and accountable for
you are responsible and accountable for it that is the big promise of ownership
it that is the big promise of ownership
it that is the big promise of ownership but I’m today here to tell you this
but I’m today here to tell you this
but I’m today here to tell you this great idea of private ownership it needs
great idea of private ownership it needs
great idea of private ownership it needs us it is this fascinating innovation
us it is this fascinating innovation
us it is this fascinating innovation this history changing idea that we as
this history changing idea that we as
this history changing idea that we as humanity had more than 2,000 years ago
humanity had more than 2,000 years ago
humanity had more than 2,000 years ago it isn’t deep deep trouble it is miss
it isn’t deep deep trouble it is miss
it isn’t deep deep trouble it is miss misused against us against us all
misused against us against us all
misused against us against us all against humanity and if we don’t reclaim
against humanity and if we don’t reclaim
against humanity and if we don’t reclaim it if we don’t recon Carib it will
it if we don’t recon Carib it will
it if we don’t recon Carib it will destroy our economy our society and
destroy our economy our society and
destroy our economy our society and maybe even our planet so please join me
maybe even our planet so please join me
maybe even our planet so please join me to understand the illness and find a
to understand the illness and find a
to understand the illness and find a cure to heal private ownership our first
cure to heal private ownership our first
cure to heal private ownership our first stop on this journey will be a hospital
stop on this journey will be a hospital
stop on this journey will be a hospital in eastern Germany when I was young I
in eastern Germany when I was young I
in eastern Germany when I was young I visited it a lot my father was the
visited it a lot my father was the
visited it a lot my father was the director there it used to be a great
director there it used to be a great
director there it used to be a great Hospital you know they had wonderful
Hospital you know they had wonderful
Hospital you know they had wonderful warm atmosphere happy employees well
warm atmosphere happy employees well
warm atmosphere happy employees well taken care of patients organic food
taken care of patients organic food
taken care of patients organic food and they met healthy profits so nothing
and they met healthy profits so nothing
and they met healthy profits so nothing that required a change but in recent
that required a change but in recent
that required a change but in recent years the ownership of the hospital was
years the ownership of the hospital was
years the ownership of the hospital was sold once twice three times eventually
sold once twice three times eventually
sold once twice three times eventually four times to a public stock market
four times to a public stock market
four times to a public stock market company and each investor paid a higher
company and each investor paid a higher
company and each investor paid a higher price to buy a real Hospital and so each
price to buy a real Hospital and so each
price to buy a real Hospital and so each investor had to put more pressure on the
investor had to put more pressure on the
investor had to put more pressure on the hospital to increase profits to earn
hospital to increase profits to earn
hospital to increase profits to earn back the high price they paid they
back the high price they paid they
back the high price they paid they forced my father to all sauce the
forced my father to all sauce the
forced my father to all sauce the kitchen to a low quality provider they
kitchen to a low quality provider they
kitchen to a low quality provider they forced him to fire half of the doctors
forced him to fire half of the doctors
forced him to fire half of the doctors and cut the time down to spend per
and cut the time down to spend per
and cut the time down to spend per patient’s today the place is filled with
patient’s today the place is filled with
patient’s today the place is filled with unhappy employees and frustrated
unhappy employees and frustrated
unhappy employees and frustrated patients they’re now part of a large
patients they’re now part of a large
patients they’re now part of a large corporation that manages 70,000 hospital
corporation that manages 70,000 hospital
corporation that manages 70,000 hospital beds and they receive orders and
beds and they receive orders and
beds and they receive orders and directions from Paris 2,000 kilometers
directions from Paris 2,000 kilometers
directions from Paris 2,000 kilometers away from the headquarters so decisions
away from the headquarters so decisions
away from the headquarters so decisions are made by people who have literally
are made by people who have literally
are made by people who have literally never been to that Hospital you know
never been to that Hospital you know
never been to that Hospital you know they have no understanding of what is
they have no understanding of what is
they have no understanding of what is needed there they don’t know what it
needed there they don’t know what it
needed there they don’t know what it means when there are the doctors to
means when there are the doctors to
means when there are the doctors to spend no more than five minutes for a
spend no more than five minutes for a
spend no more than five minutes for a first conversation with patients these
first conversation with patients these
first conversation with patients these guys in Paris just know one thing they
guys in Paris just know one thing they
guys in Paris just know one thing they have to produce better numbers otherwise
have to produce better numbers otherwise
have to produce better numbers otherwise they get fired and what really drives me
they get fired and what really drives me
they get fired and what really drives me crazy we cannot blame them they’re not
crazy we cannot blame them they’re not
crazy we cannot blame them they’re not bad people you know they eat organic
bad people you know they eat organic
bad people you know they eat organic food etc you know these people are
food etc you know these people are
food etc you know these people are pressured by others by stock markets by
pressured by others by stock markets by
pressured by others by stock markets by anonymous shareholders and to be more
anonymous shareholders and to be more
anonymous shareholders and to be more precise by supercomputers and algorithms
precise by supercomputers and algorithms
precise by supercomputers and algorithms that do 99% of the trading on stock
that do 99% of the trading on stock
that do 99% of the trading on stock markets today and sell and buy ownership
markets today and sell and buy ownership
markets today and sell and buy ownership in nanoseconds these people cannot
in nanoseconds these people cannot
in nanoseconds these people cannot behave like responsible owners you know
behave like responsible owners you know
behave like responsible owners you know they’re not I they’re not allowed to
they’re not I they’re not allowed to
they’re not I they’re not allowed to identify with what they own they control
identify with what they own they control
identify with what they own they control the business but they’re not connected
the business but they’re not connected
the business but they’re not connected to it and the hospital of my father is
to it and the hospital of my father is
to it and the hospital of my father is just one example
just one example
just one example it happens all over every day hundreds
it happens all over every day hundreds
it happens all over every day hundreds of mission-driven company
of mission-driven company
of mission-driven company they’re bought by large profit-driven
they’re bought by large profit-driven
they’re bought by large profit-driven corporations and they all lose their
corporations and they all lose their
corporations and they all lose their caring stewards they lose their parents
caring stewards they lose their parents
caring stewards they lose their parents and they end up with with what with
and they end up with with what with
and they end up with with what with absentee owners with speculation owners
absentee owners with speculation owners
absentee owners with speculation owners and this eating up of small companies by
and this eating up of small companies by
and this eating up of small companies by large corporations doesn’t only create
large corporations doesn’t only create
large corporations doesn’t only create companies without parents
companies without parents
companies without parents it also creates a centralized economy
it also creates a centralized economy
it also creates a centralized economy with fewer and fewer corporations do
with fewer and fewer corporations do
with fewer and fewer corporations do your s has lost in this way over the
your s has lost in this way over the
your s has lost in this way over the last twenty years half of its
last twenty years half of its
last twenty years half of its corporations so absentee ownership it’s
corporations so absentee ownership it’s
corporations so absentee ownership it’s not only poisoning our companies it is
not only poisoning our companies it is
not only poisoning our companies it is the enemy of our decentralized market
the enemy of our decentralized market
the enemy of our decentralized market Society now ladies and gentlemen who are
Society now ladies and gentlemen who are
Society now ladies and gentlemen who are these absentee owners ad is the rich at
these absentee owners ad is the rich at
these absentee owners ad is the rich at is the super-rich are these large
is the super-rich are these large
is the super-rich are these large corporations all wrong look at that that
corporations all wrong look at that that
corporations all wrong look at that that is where investment capital AB lives on
is where investment capital AB lives on
is where investment capital AB lives on the stock market’s comes from 87% from
the stock market’s comes from 87% from
the stock market’s comes from 87% from insurances and pension funds from you
insurances and pension funds from you
insurances and pension funds from you all and me it’s our money that is the
all and me it’s our money that is the
all and me it’s our money that is the scandal just imagine that we western
scandal just imagine that we western
scandal just imagine that we western half rich we have created a system a
half rich we have created a system a
half rich we have created a system a vicious circle that takes our money and
vicious circle that takes our money and
vicious circle that takes our money and uses it against us you know when I
uses it against us you know when I
uses it against us you know when I understood this the scales fell from my
understood this the scales fell from my
understood this the scales fell from my eyes you know how is that possible
eyes you know how is that possible
eyes you know how is that possible private ownership this great idea has a
private ownership this great idea has a
private ownership this great idea has a double-faced it can create
double-faced it can create
double-faced it can create responsibility that’s for sure but at
responsibility that’s for sure but at
responsibility that’s for sure but at the same time private ownership as
the same time private ownership as
the same time private ownership as absentee ownership can destroy
absentee ownership can destroy
absentee ownership can destroy responsibility it can create and
responsibility it can create and
responsibility it can create and continuous a vacuum
continuous a vacuum
continuous a vacuum a situation in which nobody feels
a situation in which nobody feels
a situation in which nobody feels responsible that was the first tough
responsible that was the first tough
responsible that was the first tough stop on our journey let’s move on we’ve
stop on our journey let’s move on we’ve
stop on our journey let’s move on we’ve understood the illness I would say let’s
understood the illness I would say let’s
understood the illness I would say let’s look for the Cure what was a company
look for the Cure what was a company
look for the Cure what was a company look like that had true parents a
look like that had true parents a
look like that had true parents a company we could really trust and this
company we could really trust and this
company we could really trust and this guy an stabber the co-owner of Zeiss
guy an stabber the co-owner of Zeiss
guy an stabber the co-owner of Zeiss found a way to do this for his company
found a way to do this for his company
found a way to do this for his company 130 years ago
130 years ago
130 years ago Zeiss is a typical German hidden
Zeiss is a typical German hidden
Zeiss is a typical German hidden champion you know world market leader
champion you know world market leader
champion you know world market leader for microscopes optics with 70,000
for microscopes optics with 70,000
for microscopes optics with 70,000 employees and none of our smart phones
employees and none of our smart phones
employees and none of our smart phones or laptops it could be produced without
or laptops it could be produced without
or laptops it could be produced without side so it’s important company and as
side so it’s important company and as
side so it’s important company and as Abba thought a lot about ownership when
Abba thought a lot about ownership when
Abba thought a lot about ownership when his co-owner passed away he asked
his co-owner passed away he asked
his co-owner passed away he asked himself you know have I created all this
himself you know have I created all this
himself you know have I created all this wealth this is all my work I’ve not my
wealth this is all my work I’ve not my
wealth this is all my work I’ve not my employees have done the most part of it
employees have done the most part of it
employees have done the most part of it and even my invention of the microscope
and even my invention of the microscope
and even my invention of the microscope was only possible due to many
was only possible due to many
was only possible due to many generations of scientists and
generations of scientists and
generations of scientists and researchers so he wrote and I quote now
researchers so he wrote and I quote now
researchers so he wrote and I quote now the law gives me the absolute right over
the law gives me the absolute right over
the law gives me the absolute right over this company the law gives me the right
this company the law gives me the right
this company the law gives me the right to take everything but I feel that is
to take everything but I feel that is
to take everything but I feel that is not right it doesn’t all belong to me it
not right it doesn’t all belong to me it
not right it doesn’t all belong to me it also belongs to employees and society so
also belongs to employees and society so
also belongs to employees and society so what did this man do he realized there
what did this man do he realized there
what did this man do he realized there were no good forms of ownership legal
were no good forms of ownership legal
were no good forms of ownership legal forms that would reflect his thinking he
forms that would reflect his thinking he
forms that would reflect his thinking he was an inventor so he invented something
was an inventor so he invented something
was an inventor so he invented something he used the legal form of a non-profit
he used the legal form of a non-profit
he used the legal form of a non-profit foundation and then he donated the
foundation and then he donated the
foundation and then he donated the entire company to that foundation so
entire company to that foundation so
entire company to that foundation so it’s the first foundational company of
it’s the first foundational company of
it’s the first foundational company of the world from that moment onwards zeiss
the world from that moment onwards zeiss
the world from that moment onwards zeiss has belonged
has belonged
has belonged itself you know no absentee owners can
itself you know no absentee owners can
itself you know no absentee owners can steers eyes from far away and push them
steers eyes from far away and push them
steers eyes from far away and push them to Hamas all no hedge fund can come
to Hamas all no hedge fund can come
to Hamas all no hedge fund can come along and buy it because it’s not a
along and buy it because it’s not a
along and buy it because it’s not a tradable commodity anymore instead they
tradable commodity anymore instead they
tradable commodity anymore instead they are skilled people who are steered
are skilled people who are steered
are skilled people who are steered owners for a certain time you know
owners for a certain time you know
owners for a certain time you know without a right to sell inherit the
without a right to sell inherit the
without a right to sell inherit the company and profits
company and profits
company and profits I either reinvested or donated their
I either reinvested or donated their
I either reinvested or donated their donations have financed several
donations have financed several
donations have financed several universities and the entire city of
universities and the entire city of
universities and the entire city of Vienna and Germany was basically
Vienna and Germany was basically
Vienna and Germany was basically upgraded by them so this company exists
upgraded by them so this company exists
upgraded by them so this company exists now for more than hundred thirty years
now for more than hundred thirty years
now for more than hundred thirty years it has survived several political
it has survived several political
it has survived several political systems and it is still highly
systems and it is still highly
systems and it is still highly successful I recently visited it and
successful I recently visited it and
successful I recently visited it and employees told me the company’s belongs
employees told me the company’s belongs
employees told me the company’s belongs to us and the interesting thing is they
to us and the interesting thing is they
to us and the interesting thing is they are intrinsically motivated because they
are intrinsically motivated because they
are intrinsically motivated because they know they’re not working for somebody
know they’re not working for somebody
know they’re not working for somebody else’s private pocket they are working
else’s private pocket they are working
else’s private pocket they are working for purpose so anced Eber has found a
for purpose so anced Eber has found a
for purpose so anced Eber has found a cure to heal private ownership and by
cure to heal private ownership and by
cure to heal private ownership and by this he has redefined he has
this he has redefined he has
this he has redefined he has revolutionized the way we understand
revolutionized the way we understand
revolutionized the way we understand company ownership and the good news is
company ownership and the good news is
company ownership and the good news is he’s not alone many other companies have
he’s not alone many other companies have
he’s not alone many other companies have found the cure as well the famous
found the cure as well the famous
found the cure as well the famous company Bosch for examples only owned by
company Bosch for examples only owned by
company Bosch for examples only owned by Stewarts John Lewis Partnership made
Stewarts John Lewis Partnership made
Stewarts John Lewis Partnership made 70,000 employees to steel donors Rolex
70,000 employees to steel donors Rolex
70,000 employees to steel donors Rolex in Switzerland flammability akhter
in Switzerland flammability akhter
in Switzerland flammability akhter Hodgkin germany and many many others i
Hodgkin germany and many many others i
Hodgkin germany and many many others i studied many of them i visited them they
studied many of them i visited them they
studied many of them i visited them they conducted interviews and when i found
conducted interviews and when i found
conducted interviews and when i found they all follow two simple rules the two
they all follow two simple rules the two
they all follow two simple rules the two rules of steward ownership or you could
rules of steward ownership or you could
rules of steward ownership or you could also say the two rules of the
also say the two rules of the
also say the two rules of the commodification of the company so what
commodification of the company so what
commodification of the company so what are these two worlds the first rule is
are these two worlds the first rule is
are these two worlds the first rule is the rule of self-determination the rule
the rule of self-determination the rule
the rule of self-determination the rule of self-determination says make sure the
of self-determination says make sure the
of self-determination says make sure the company or the control ride of the
company or the control ride of the
company or the control ride of the company
company
company is not a tradable commodity I say it
is not a tradable commodity I say it
is not a tradable commodity I say it again because it’s so important make
again because it’s so important make
again because it’s so important make sure the control over the company or the
sure the control over the company or the
sure the control over the company or the company itself is not tradable commodity
company itself is not tradable commodity
company itself is not tradable commodity that means the company is not a thing
that means the company is not a thing
that means the company is not a thing you know it’s not a shoe that you can
you know it’s not a shoe that you can
you know it’s not a shoe that you can sell and buy it’s not a puppet of
sell and buy it’s not a puppet of
sell and buy it’s not a puppet of anonymous stock markets but it is a
anonymous stock markets but it is a
anonymous stock markets but it is a being it is a being that has stewards
being it is a being that has stewards
being it is a being that has stewards who are only stewards as long as they
who are only stewards as long as they
who are only stewards as long as they are connected to the mission to the
are connected to the mission to the
are connected to the mission to the company they can’t sell they can can’t
company they can’t sell they can can’t
company they can’t sell they can can’t just pass it on to their children so
just pass it on to their children so
just pass it on to their children so that’s the first rule the second rule is
that’s the first rule the second rule is
that’s the first rule the second rule is the rule of purpose and the real father
the rule of purpose and the real father
the rule of purpose and the real father says make sure profits are seen as a
says make sure profits are seen as a
says make sure profits are seen as a means they are important but they are
means they are important but they are
means they are important but they are means to an end not an end in itself I
means to an end not an end in itself I
means to an end not an end in itself I repeat it again because again that’s an
repeat it again because again that’s an
repeat it again because again that’s an important rule profits are seen as a
important rule profits are seen as a
important rule profits are seen as a means to an end and not an end in itself
means to an end and not an end in itself
means to an end and not an end in itself that means profits are mainly reinvested
that means profits are mainly reinvested
that means profits are mainly reinvested or donated and this means these
or donated and this means these
or donated and this means these companies exist to create value for us
companies exist to create value for us
companies exist to create value for us to solve problems and in the world not
to solve problems and in the world not
to solve problems and in the world not for the sector to make money you know
for the sector to make money you know
for the sector to make money you know they exist for us now you know these two
they exist for us now you know these two
they exist for us now you know these two rules are very simple that’s all
rules are very simple that’s all
rules are very simple that’s all basically what I have to give it to you
basically what I have to give it to you
basically what I have to give it to you today but they’re super revolutionary at
today but they’re super revolutionary at
today but they’re super revolutionary at the same time they are actually family
the same time they are actually family
the same time they are actually family business 2.0 instead of giving your
business 2.0 instead of giving your
business 2.0 instead of giving your company to your black relatives you know
company to your black relatives you know
company to your black relatives you know you’re the lottery of sperm etcetera and
you’re the lottery of sperm etcetera and
you’re the lottery of sperm etcetera and instead of giving it to your blood
instead of giving it to your blood
instead of giving it to your blood relatives you give the ownership of the
relatives you give the ownership of the
relatives you give the ownership of the company to value an ability relatives
company to value an ability relatives
company to value an ability relatives that means you make sure the company has
that means you make sure the company has
that means you make sure the company has parents and not speculation owners so
parents and not speculation owners so
parents and not speculation owners so our journey has led us now to the
our journey has led us now to the
our journey has led us now to the solution it is neither state ownership
solution it is neither state ownership
solution it is neither state ownership nor private ownership but it is
nor private ownership but it is
nor private ownership but it is something new or you could also say it’s
something new or you could also say it’s
something new or you could also say it’s a thing revolutionary but quite old at
a thing revolutionary but quite old at
a thing revolutionary but quite old at the same time it is
the same time it is
the same time it is just through private ownership nothing
just through private ownership nothing
just through private ownership nothing more or to say it differently it is
more or to say it differently it is
more or to say it differently it is Stewart ownership a steer of a company
Stewart ownership a steer of a company
Stewart ownership a steer of a company is like a parent for a child now let’s
is like a parent for a child now let’s
is like a parent for a child now let’s not stop the journey yet let’s go on and
not stop the journey yet let’s go on and
not stop the journey yet let’s go on and understand how exactly can we realize
understand how exactly can we realize
understand how exactly can we realize this today and of course the state
this today and of course the state
this today and of course the state doesn’t offer Stewart ownership as a
doesn’t offer Stewart ownership as a
doesn’t offer Stewart ownership as a legal form not yet and so you have to
legal form not yet and so you have to
legal form not yet and so you have to find ownership hacks you have to hack
find ownership hacks you have to hack
find ownership hacks you have to hack around it that’s what I did with my
around it that’s what I did with my
around it that’s what I did with my company I put the two rules of Stewart
company I put the two rules of Stewart
company I put the two rules of Stewart ownership I put them up again and put
ownership I put them up again and put
ownership I put them up again and put them into the articles of association
them into the articles of association
them into the articles of association into the constitution of my company when
into the constitution of my company when
into the constitution of my company when a hedge fund comes along they can
a hedge fund comes along they can
a hedge fund comes along they can obviously just you know give a lot of
obviously just you know give a lot of
obviously just you know give a lot of money and then you could change the rule
money and then you could change the rule
money and then you could change the rule so to prevent this we founded a
so to prevent this we founded a
so to prevent this we founded a foundation that holds a veto right a
foundation that holds a veto right a
foundation that holds a veto right a golden chair and prevents changes to
golden chair and prevents changes to
golden chair and prevents changes to those rules now when I made this public
those rules now when I made this public
those rules now when I made this public you cannot believe how many employees
you cannot believe how many employees
you cannot believe how many employees and how many how many customers wrote me
and how many how many customers wrote me
and how many how many customers wrote me and told me it changes their
and told me it changes their
and told me it changes their relationship to our company completely
relationship to our company completely
relationship to our company completely they’re not any more instruments to make
they’re not any more instruments to make
they’re not any more instruments to make me rich the company is truly there for
me rich the company is truly there for
me rich the company is truly there for them when I talk about this with
them when I talk about this with
them when I talk about this with mainstream economists mainstream lawyers
mainstream economists mainstream lawyers
mainstream economists mainstream lawyers they often say Armand come on you are
they often say Armand come on you are
they often say Armand come on you are naive you know this cannot work you’re
naive you know this cannot work you’re
naive you know this cannot work you’re turning off the engine of capitalism
turning off the engine of capitalism
turning off the engine of capitalism itself and I am yes but the good thing
itself and I am yes but the good thing
itself and I am yes but the good thing is the good thing is many studies of
is the good thing is many studies of
is the good thing is many studies of hundreds of student companies prove
hundreds of student companies prove
hundreds of student companies prove these mainstream economists wrong
these mainstream economists wrong
these mainstream economists wrong studies show these student companies
studies show these student companies
studies show these student companies have the six times higher survival
have the six times higher survival
have the six times higher survival probability after 40 years they live
probability after 40 years they live
probability after 40 years they live longer and they’re more profitable in
longer and they’re more profitable in
longer and they’re more profitable in the medium term and in the long term no
the medium term and in the long term no
the medium term and in the long term no data shows customer trust a more
data shows customer trust a more
data shows customer trust a more employees earn more stay longer and are
employees earn more stay longer and are
employees earn more stay longer and are more motivated so Stewart ownerships
more motivated so Stewart ownerships
more motivated so Stewart ownerships actually
actually
actually better for our companies you know aunt
better for our companies you know aunt
better for our companies you know aunt Benna Forbes on it is the right cure to
Benna Forbes on it is the right cure to
Benna Forbes on it is the right cure to this poison of absentee ownership and
this poison of absentee ownership and
this poison of absentee ownership and that’s the reason where I got together
that’s the reason where I got together
that’s the reason where I got together with several other entrepreneurs to
with several other entrepreneurs to
with several other entrepreneurs to found the purpose foundation that helps
found the purpose foundation that helps
found the purpose foundation that helps other enterpreneurs to start and
other enterpreneurs to start and
other enterpreneurs to start and transform companies based on steward
transform companies based on steward
transform companies based on steward ownership we also found that ownership
ownership we also found that ownership
ownership we also found that ownership transformation investment fund that
transformation investment fund that
transformation investment fund that basically helps do it on companies and
basically helps do it on companies and
basically helps do it on companies and can buy companies off the market and
can buy companies off the market and
can buy companies off the market and make sure they never have absentee
make sure they never have absentee
make sure they never have absentee owners again but only stewards so let me
owners again but only stewards so let me
owners again but only stewards so let me conclude we can obviously not just say
conclude we can obviously not just say
conclude we can obviously not just say fuck capitalism but we can stop being
fuck capitalism but we can stop being
fuck capitalism but we can stop being puppets of absentee owners of anonymous
puppets of absentee owners of anonymous
puppets of absentee owners of anonymous stock markets now we all know this
stock markets now we all know this
stock markets now we all know this feeling of powerlessness in phase of a
feeling of powerlessness in phase of a
feeling of powerlessness in phase of a gigantic anonymous system a wild animal
gigantic anonymous system a wild animal
gigantic anonymous system a wild animal that we call economy today but ladies
that we call economy today but ladies
that we call economy today but ladies and gentlemen how can this wild animal
and gentlemen how can this wild animal
and gentlemen how can this wild animal have so many ARMs
have so many ARMs
have so many ARMs to harm us if we don’t lend our arms to
to harm us if we don’t lend our arms to
to harm us if we don’t lend our arms to it how can it have so many feeds to
it how can it have so many feeds to
it how can it have so many feeds to trample on our economies and our
trample on our economies and our
trample on our economies and our environment if these were not our feeds
environment if these were not our feeds
environment if these were not our feeds how can it have any power over us if not
how can it have any power over us if not
how can it have any power over us if not through us we contain that animal we can
through us we contain that animal we can
through us we contain that animal we can stop being puppets we can if we are
stop being puppets we can if we are
stop being puppets we can if we are unhappier down working places if you’re
unhappier down working places if you’re
unhappier down working places if you’re in frustrated and preneur or a
in frustrated and preneur or a
in frustrated and preneur or a frustrated employee we can get together
frustrated employee we can get together
frustrated employee we can get together with our colleagues and you can make
with our colleagues and you can make
with our colleagues and you can make your absent your own an offer to buy
your absent your own an offer to buy
your absent your own an offer to buy them out and reclaim your company let’s
them out and reclaim your company let’s
them out and reclaim your company let’s not leave our companies and our economy
not leave our companies and our economy
not leave our companies and our economy to these wild animals neither to greedy
to these wild animals neither to greedy
to these wild animals neither to greedy capitalists nor mindless bureaucrats
capitalists nor mindless bureaucrats
capitalists nor mindless bureaucrats let’s reclaim it let’s reconquer it
let’s reclaim it let’s reconquer it
let’s reclaim it let’s reconquer it let’s become true stewards of our
let’s become true stewards of our
let’s become true stewards of our economy not for profit but for purpose
economy not for profit but for purpose
economy not for profit but for purpose thank you
thank you
thank you you
”
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