[lifeisstillgood]

Weirdly most large companies are surprisingly similar to co-ops. No, seriously bear with me.

hierarchies replace meetings - but there are still awful interminable meetings because agreement still needs to be reached because work is too complex to allow for total command and control because management will screw it up

salaries are held down for the good of the organism (try outbidding one line of business for a really good person or team and see if that's allowed)

the failure point is equitable sharing but if you took all fortune 500 companies and allocated shares to employees it would be hard to tell the difference. Especially as the managers would be up for election - you tend to get that when your employees own the company.