Comment Re:Shouldn't shareholders demand an asset auction. (Score 2) 185
The only reason they're selling a few million is because they used to be selling many millions. On their current course (which they seem to be accelerating on), they soon won't be a small player, they'll be non-existent. As the parent poster suggests, at that point the random shareholders lose everything and anything of value they've made will be lost. If they sell now, it means the random investors get something out, and the things of value they've created will be more likely to be preserved. It also means some executives have to swallow some pride and find a new job, so it won't happen.
If products were made, marketed and sold locally, the distribution of wealth wouldn't be so skewed.
For most of history, this was the case. Almost everything people used was made within a few mile radius (often by themselves). I don't think you want to live in "most of history". Tremendous specialization of labor and mass production are what created modern civilization, and neither of those ideas work without large distribution networks.
Distribution of wealth is a growing problem because individual humans are worth less and less to the economy. The economy used to need more people for all sorts of things. Now it needs less. Eventually it will need very few. People will cling to capitalism long after it has ceased to be an effective way to distribute wealth.