[Wilsoniumite]

I agree, and in some sense I argue this at the end, but I didn't want to make the piece even longer.

In fact if you look at the economics of this policy over the long term it leaks capital through rents, so it doesn't actually work forever.

A sovereign wealth fund can solve this (essentially an expansion of the "buffer" I wrote about). That functions as almost exactly what you want, giving a stake in every company to every worker (except broader, to every citizen).

If you buy the framing that labor is currently a distortion, you wouldn't want to only give stakes in companies to workers of those companies, if you do that the distortion will continue.