I agree.

But there is something that needs to change in order for worker cooperatives become the dominant business form. So long as capital can demand ownership, worker cooperatives will remain a relative niche. What needs to change in markets is we need to remove the ability for capital to demand ownership. That's essentially the core of my proposal for a new system.

Replace the LLC and Stock Corporation with the worker cooperative. Remove the investor stock owner relationship from the economy. Legally mandate that all businesses be formed as worker owned cooperatives. And then regulate the amount of interest that banks and financiers can charge on their loans to limit their power over those worker cooperatives.

What you get is a free market economy where all businesses are democratically run by their workers and the relationship between capital and labor is flipped. It would vastly increase equality, with out increasing destitution. And would likely have some small decrease on environmental degradation.

In some ways it's a very gentle refactor of our existing economy. In other ways, it's far reaching and drastic (stock markets go away entirely and traditional banks become a primary mechanism of savings).