Separation of individual ownership and management could improve social equality

Nowadays, in many companies, especially the publicly listed companies, have a system of separated ownership and management. It could deal issues like conflicted interests, inside trading and many others; moreover, such system encourages more competition in the market. However, when it turns to competitions between individuals, individuals have their ownership and management combined, it creates some issues about fair competitions.

People can have their own advantages that are independent of their skills or effects, they are merely lucky to have all those resources available to them. When it comes to competitions between individuals, their "ownership" affects their "management" as well as their competitiveness. Many people argue that individuals cannot separate their own ownership and management; however, I think that there is a way to do so.

In order to separate individuals' ownership and management, we can separate their personal life and professional life more clearly. For example, when they enter the labour market, of course they can take their owned resources with them in order to take advantage of these resources, but they need to agree once they are employed and enter their professional life, the resources they have taken with them are also fully available to their employers. This means while the people with wealthy background do not only sell their skills and knowledge, they also sell their wealth. Moreover, the resources they do not take with them into the market are strictly used for their personal purposes and they are not allowed to violate this rule.

Some people may argue that people with wealthy can use their wealth to buy top professions; however, in most time, they will get into those places anyway and now they have to buy much higher prices. In addition, especially for large firms, unless an enormous amount of money is offered, they focus more on their employees' potentials rather than an immediate one time transfer. This means wealthier people have higher costs when they are competing with people who do not have such wealthy background. And the money contributed by the wealthy group can be redistributed through companies to their less wealthy employees.

Therefore, a separation of individual ownership and management can improve social equaliy.