The Legacy Corporations are Dying Out

I've spent a huge amount of time studying the rise of big tech and finance in the local community. I don't see this happening.

What is happening right now is that public companies are being sucked up by private equity firms.

Publicly traded firms must publish their books on a regular basis. The shareholders have some influence.

Private equity firms are allowed to keep their books closed. The stakeholders are not apparent.

As for the thought that crypto might usher in a sea-change. I personally don't see that happening. My position is that the only way to restore the ideals of a free society is to address underlying issues about relation of society to the community that no-one (not even in the crypto world) is willing to address.

I suspect that the most likely future for crypto is that private equity firms will gradual seek in and pull a Justin Sun on efforts to decentralize economies with blockchain development.

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