Than I don't really get the idea. Could you elaborate?
As far as I understood, the company's shares belong to the employees ("everyone gets a seat on the board") and those elect a director which in turn organises the work structure, assigns roles etc. Correct?
Can he be replaced at all times?
How is the compensation of the employees determined?
How are employees handled which are not performing their duties?
Can employees be fired?
How can employees join and leave the company?
Do they return their shares on leaving?
Can they buy and sell their shares?
How do new employees get their shares? Are they assigned or bought?
How is capital raised for large long-term investments like a new machine?
If the employees bring up the capital, do they get interest?
What if no capital can be raised? Is the company terminated?
Can some employees put in more capital than others?
Is the financial gain distributed equally between the employees?
But why would this employee put in that more work than anybody else? Just to get the same amount of compensation as anybody else? I certainly wouldn't put up with all the complications of leading a bunch of people without being paid extra.
Could you point me to the economy models you are refering to?
I think the biggest mistake of the social market economy practised in Germany, was overlooking or disregarding the fact, that policy and policymakers are themselves part of market forces by lobbying, corruption and bribery. This leads to creeping reduction in social standards and development of the economy towards are radical free-market economy, which in turn inevitably leads to feudalism and fascism eventually, as demonstraded live in the US currently.
The then mayor of Munich Christian Ude had to essentially endure bribing attempts by Steve Ballmer and Bill Gates in person to switch back to Windows. After 14 years the return to Microsoft happend after MS miraculously decided to move its German headquarters to the city and pay their juicy taxes there.
In the meantime, Munich had saved millions upon millions in licence fees. Fuck Microsoft and fuck corrupt politicians.
Donald Trump cut up while talking.