I have another proposal to make relative to the entire structuring of the business-employment-investor cycle of mismanagement, strikes, loss of capital, loss of product quality, bankruptcy, and the constantly shifting, shifty consumer marketplace where there are always new products, new advertising, but absolutely no long-lasting guarantee of high quality products.
If I wanted to legislate an entirely new business environment, I would first propose that all Universities establish an independent Prospectus Department within the School of Business with a full coarse-load of Engineering, Physics, English, Journalism, Business, Economics, and having access to all the different departments within the entire University. This kind of an education would have to be an all-encompassing education related to the effective overall improving of almost any type of business. These graduates would be Specialists, broader-range professionals and other types of possible joint Prospectus Company performers.
In order to accomplish this in the business sphere, I would legislate that every company or potential company or incorporation would be outlawed from producing their own company Prospectus. Instead they would have to invite an independent Prospectus Company to analyze their company, offer suggestions for improvement, and generate an completely independent analysis of their company published with the general investor in mind. All employees in these Prospectus Companies would be bonded by the government and once one has taken a position in a Prospectus Company, the individual would absolutely be legally denied employment by any firm or competitive firm associated with the manufacture of a specific product.
The natural economic push for monopolies and conglomerates would be frustrated by this type of arrangement. A Tri-partate governing of the business environment would have been set up, just like the Federal Government of America with a Justice Department {Prospectus Companies}, Executive Branch {Management}, and a Congress {Labor & Investors}. All parts of this business scene would be watching and reporting to each other as seperate, independent units. But mainly the branch responsible to the investor would carry the most weight, ie., the Prospectus Company.
The Prospectus Company should be financed by the investors. As an investor I am extremely attracted to this kind of investment. There already are organization, efficiency, and overall company improvement advising companies on the market, but these are hired by the management and are not directly responsible to the investor. They are only responsible to the management of that particular company which hires them. This is a good start and is already working out financially for the potential Prospectus Companies involved. This type of natural business activity should be encouraged, but it is not necessarily enough.
What are truly needed are Prospectus Companies which have the financial backing and investment of the investors themselves. This is the only way the investors will, at all, have any voice in the governing of their companies.
I do not like the Federal Government legislating these things, but... Initially this could be done through legislation as a percentage of money invested in the market or the company. This would be the most difficult part to establish efficiently and effectively and independently by the government. That is why I don't like the idea. I do not trust government.
I myself would prefer this to be a publicized venture of the entire world economy with the independence of the Prospectus Companies protected by bonding Prospectus company officials and absolutely restricting them legally from joining any of the companies they end up investigating.
This, in the main, is a very good idea which the media should be publicizing worldwide as the creator and mover of an equitable business and manufacturing environment; good for business and good for the investor.