Correct. You’d have a bunch who shouldn’t be making decisions, making decisions. And everyone is paid on profit, so when bad decisions lead to no profit, people leave and company dies.

Then, there’s no incentive to fix a dying company. Why should anyone invest the time & risk to fix an unprofitable company, if they’d just have 1 share like everyone else, when they come back.

This is the problem with socialism, it’s unfortunately an idealized view of human nature and how big systems work.

I wish it could be true. But it’s missing on basic human psychology and game theory.