Or you give the shares to people, but the company would still need to be managed by someone who no longer has a proportional incentive to make it succeed, causing the same result as if it was government run.
Would it? Give the shares to the workers and they have a huge incentive to run a company well. Right now a CEO’s only priority is to maximise shareholders return. A workers led company would maximise both shareholder return AND have an incentive and pride in doing a job properly instead of the low morale and poorly built crap we have today.
History has shown anytime control is in the hands of the few, it’s run into the ground in order to maximise the wealth for the few so giving control to the masses of workers in companies would lead to more compromises and might sound bad at first but would likely work better the more people required to make drastic changes.
And as said many times, no billionaire has ever ‘earned’ that. They’ve all gained it through exploitation and wage theft either directly or indirectly!
then that’s for the workers to decide on. If 51% of the workforce agrees, thats the decision! If that doesn’t ‘fit’ with the workers, make it 60% or 75%, or whatever number the majority agree on!
It really isn’t that difficult. There are plenty of voting systems, the issue comes down to people and a change of thinking how companies are run.
You can make any argument why it wouldn’t work when you don’t want something to work but given the current system is working soooo well… new ideas are better than no ideas! 😎