Technically public still means you act in the interests of the owners, aka shareholders (at least in germany anything else is illegal), it's just that naturally that will always be profit for the majority.

[–] AngryCommieKender@lemmy.world -3 points 8 months ago (2 children)

Publicly traded, aka private property, means you operate on the ideals of private owners, sacrificing everything in the name of profit.

Publicly owned means almost the opposite, but almost nothing is publicly owned in the US at this point.

Private property ≠ personal property.

[–] wildginger@lemmy.myserv.one 4 points 8 months ago (1 children)

I dont think you responded to the right comment, Im talking about the difference between types of companies, not property.

[–] AngryCommieKender@lemmy.world 1 points 8 months ago (1 children)

I'm also talking about different company structures, and how they relate to the type of property that they are.

[–] wildginger@lemmy.myserv.one 1 points 8 months ago

Ah, in that case I dont think you understand the convo at all

[–] shasta@lemm.ee 3 points 8 months ago (1 children)

It's clear from context that he was discussing publicly-traded companies because, like you said, there basically are no public companies in the US. Your post is unnecessary and pedantic.

[–] AngryCommieKender@lemmy.world 1 points 8 months ago

There should be public companies in the US. Especially utilities.