No, it's the same as a company, where a minority of shareholders own the company. To our knowledge this is very efficient, since most companies hit billions with this structure.
While your silly labour unions and democratic companies can hardly make it to the top 500 companies.
and there is the revelation.
you only care about the share price. not the morals or ethics of the economy/community/industry.
you and carlton want enron 2.0, you care about enrons share price. not the worlds electrical utility, safety, diverse distribution
vs
the world wants multiple independent electrical companies that come to a consensus of how much electricity is sent down power cables.