I would guess it would depend on the company. If it's small enough that an employee feels they can have a meaningful impact on the company financials (say, maybe <= 10 people in the company), then I would guess so.
If, on the other hand, your company of 500 employees introduces profit-sharing, then there's probably no point to even trying. Too many decision makers pulling in too many politically motivated directions.
If co-ops are any indication, yes. I like the Mars Trilogy model in theory, where corporations are gradually replaced with small co-ops that are all employee owned, and then they collaborate with other small groups on an ad-hoc basis to get things done. I don't think that's entirely practical, but I do think it's a great outcome to aim for and is far short of socialism.
If, on the other hand, your company of 500 employees introduces profit-sharing, then there's probably no point to even trying. Too many decision makers pulling in too many politically motivated directions.