And keep in mind that giving power to a committee or a majority does not always mean that they will use it wisely. An employee-operated company could simply starve the company into bankruptcy by giving too much of the profits and assets to the workers. We (US residents) certainly do just that in terms of high credit card balances and lack of retirement savings. We have a real problem with short-term thinking corporate raiders coming in and destroying viable corporations for immediate profit.
Trump is the political manifestation of this concept. Break anything that gets in your way and screw the long term consequences. It's kind of like having a 13 year old running the country.
The other side of that coin is wise long-term financial planning (on the capitalist side) and responsible competent governance (on the socialist side).