If you aren't satisfied with the way the government is being run, is it a failure of Representative Democracy? You can petition your representative. If you still aren't satisfied you can cast your vote for another representative.
If you aren't satisfied with the way your capital is being allocated, is it a failure of Capitalism? You can petition your board members. If still aren't satisfied you can vote for new board members in the next election. If you still aren't satisfied you can sell -- in Yahoo's case many shareholders have chosen this option since Microsoft's $31/share offer. If you want to allocate other people's capital, see previous paragraph.
Leaving aside the notion of justice, since it is a Difficult Philosophical Issue ♪, to me the only thing that this underscores is that Yahoo is a poor allocator of capital.
If you aren't satisfied with the way your capital is being allocated, is it a failure of Capitalism? You can petition your board members. If still aren't satisfied you can vote for new board members in the next election. If you still aren't satisfied you can sell -- in Yahoo's case many shareholders have chosen this option since Microsoft's $31/share offer. If you want to allocate other people's capital, see previous paragraph.
Leaving aside the notion of justice, since it is a Difficult Philosophical Issue ♪, to me the only thing that this underscores is that Yahoo is a poor allocator of capital.
♪ http://plato.stanford.edu/entries/equality/#PriEquJus