Private companies still exist, but instead of being beneficially owned by separate investors, they are collectively owned by the workers themselves. Think privately-traded corporations where all shares are held exclusively by employees. Profits can be reinvested in the company, spun-off into other ventures, or distributed between the workers themselves.

This retains the competitive benefits of markets, while cutting out the non-working investor class. Fewer billionaires, stronger middle class.

[–] WolfhoundRO@lemmy.world 0 points 1 year ago

And, instead of dictatorial decisions coming from CEOs and separate investors, the decisions would be debated and decided by vote in the workers' board. An actual workplace democracy