Removing the profit incentive was pretty disasterous throughout history. I just can’t imagine a group of employees being able to veto strategic decisions can work. The system for this is startups which is working great. If you don’t like something, setup your own company and do things the way you want.
But if employees always demanded things to be run they way they want, then you couldn’t have this level of experimentation and innovation.
I think the obvious fact is that there are not many co op companies because it doesn’t work. It’s like: stop trying to change someone else’s company, and start your own and build it from the ground up with the governance structure you want.
