P.S. Is private capital included in your definition of "institutions"? Or is it only labour unions that, at least on paper, actually represent the interests of the majority of people (since most people are workers and not shareholders).
> labour unions that, at least on paper, actually represent the interests of the majority of people (since most people are workers and not shareholders)
Though workers outnumber shareholders at some companies, Tesla shareholders almost certainly outnumber its employees due to (1) nearly all employees being shareholders from stock grants, and (2) unusually high retail investor interest (large number of shareholders)
Even if we consider pathalogical cases such as a blue-chip stock like TSLA that has become the focus of brief and anomalous phenomenon of retail trading, the magnitude of capital invested by retail traders into publicly traded companies is negligible, relative to the economic influence of traditional investors such as hedgefunds, and other whales in finance.
And even still, retail shareholders by definition engage in the economy primarily by selling their labour. That is how they generate the income required to put food on the table. Therefore they are still primarily workers and thus share the same material interest as other workers, as opposed to shareholders.
Therefore in every case we can say that the claim
>Tesla shareholders almost certainly outnumber its employees
is a misleading one, in this context.