Quibble: I don't really see worker-owned firms as a form of socialism, which I understand as the government ownership of the means of production. Worker-owned

Quibble: I don't really see worker-owned firms as a form of socialism, which I understand as the government ownership of the means of production. Worker-owned firms I associate more with distributism. Worker-owned firms are a great idea, but if that's the only ownership model then you lose some ability to diversify your investments. Everyone's 401k goes poof. Thinking through this, what are the alternatives? Simple cash reserves are out (because most societies can't seem to shake the tendency towards inflation). Bank savings accounts are a good idea, although impractical in our current society because interest rates are so low.