Summary
Swiss voters rejected a $5.6 billion (CHF 5 billion) motorway expansion plan (52.7%) and two proposals to ease eviction rules and tighten subletting controls (53.8% and 51.6%).
Environmental concerns and housing fairness were key to the opposition.
Meanwhile, a healthcare reform to standardize funding for outpatient and inpatient care narrowly passed (53.3%), marking a rare success for health policy changes.
The results highlight public resistance to certain government-backed initiatives.
Voter turnout was 45%.
Just to be fair, the claim that “our national bank is 50% owned by private companies” isn’t entirely accurate—it’s actually 45%. The Swiss National Bank is designed to be independent, and that’s why it’s not owned solely by the federal government, provincial governments, or private entities. This mix ensures that no single group has too much influence over its operations, and the structure has proven to work flawlessly for decades. Private shareholders have limited rights, dividends are capped, and monetary policy is fully independent.
The federal government has no ownership. It’s owned 55% split across the canton’s and 45% private shareholders.
In practice that means basically if 2 cantons and the private companies agree on something, and the 24 other cantons disagree, the private companies get there way.
It’s an institutionalisation of corporatism.
In practice it loses billions of CHF in public funds, on purpose, to make sure the CHF doesn’t become too strong, the CHF becoming stronger benefits the population, but hurts the companies because their prices become less competitive. It’s a system made to serve the companies as much as the people.
There are 100k shares and voting rights for private shareholders are capped at 100 shares. So there would have to be 450 private entities each owning 100 shares all agreeing to enact what you propose.
As of the end of 2023, private sector shareholders held 26,559 shares, accounting for 26.9% of the share capital. Of these, 15,116 were voting shares, representing 22.8% of the total voting rights.