1. You start a 'democratic' company
2. You make a controversial decision or series of decisions
3. You lose 'voted out'
4. Turns out your controversial decision would've been [firing a few employees/getting acquired/insert unpopular thing here] to keep the company afloat, and everything goes belly up
It's the same reason unions only work in the biggest, most established companies. Everything slows to a crawl otherwise.
> cooperatives tend to last longer and are less susceptible to perverse incentives and other problems of organizational governance than more traditionally managed organizations.
It's the same reason unions only work in the biggest, most established companies. Everything slows to a crawl otherwise.