Such was necessary to avoid the tyranny of the (stupid? evil? ignorant? selfish?) majority, and to steer the ship of state ever onwards and upwards towards the real-life manifestation of a just society.
And so free public education was born. Let's ignore for the moment, if you will, the modern trend to shape our schools to train our students vocationally rather than teach them to, um, actually think.
Well, modern American progressives often rely upon democratic theories to justify shareholder involvment in corporate governance. Indeed, the Delaware courts -- savvy politicians that they are -- even point to the shareholder franchise when affirming the (sometimes questionable) behavior of their elected directors. See, e.g., Blasius Indus. Inc. v. Atlas Corp., 564 A.2d 651, 659 (Del. Ch. 1988).
So, shouldn't we make sure those shareholders are informed? And not just in a vocational manner -- i.e., to teach them not only how to make the most money from their corporations (vo-tech being here the equivalent of our transparency regulations), but also to perhaps think about the social and moral consequences of those actions?
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UPDATE Feb 3: The RFK Center is trying its hand at it:
Amongst other things, [the RFK Director] said the Compass Program would look at pension fund/fiduciary trustee information and training on ESG issues.
