[substack]

Another alternative that is not often discussed in technology circles is to form cooperative businesses where workers wholly own the business and make democratic decisions about its governance. Why should the workers, who produce the value, not be paid according to their contributions? Why do we need management to tell us what to do and siphon off the surplus profits in the process?

[dmichulke]

If the workers are doing everything, why don't they found the company themselves and get rich thereby?

If it were that easy, surely everybody would be doing it and we would have only self-employment.

Reasons are numerous but risk aversion (and lack of willingness to deal with consequences in case of a negative outcome) is probably one of the biggest among them.