Because there are people that directly control millions of votes in companies and no similar structures in a democracy.<p>The number of shares is the wrong number to reason about, it&#x27;s the percentage of control that is interesting. If an individual has 51% (or more) control, the comparison to a democracy is obviously nonsense.<p>(I used 1000 shares because it feels like a big number of shares but is still an utterly insignificant portion of Ford, which has a bit less than 4 billion shares)