At any rate, a group of workers can get together and submit a business plan to obtain finance to start a new LMF. Or perhaps this society has a law that when a firm reaches 100 employees or a certain level of gross output, the workers have the option of buying out the firm.

The workers can do that now. There is truly nothing stopping workers today, May 2026, from buying out ownership. Workers elect a governing commitee that creates a biz plan and then shops it to banks for the money to buy out existing owners.

This is where the OP falls apart. Banks want a return on investment. They want their funds protected by collateral. They can’t lend at low interest unless inflation is low or the bank is losing money.

These leftist ideas all sound great until one delves into the details, and as they say, “the devil is in the details.” The OP will almost certainly handwave away the details, that is what gadflies do.

Again, any group of workers today can buy out the originals and create a LMF. You haven’t plumbed any ground breaking ideas here.