I'd say it's not the capitalist model per se but particular preferences of the investors. The same way as investors preferred young white male founders (maybe u

I'd say it's not the capitalist model per se but particular preferences of the investors. The same way as investors preferred young white male founders (maybe until recently) to all the other combinations of the three parameters. Similarly they prefer entrepreneur-owned companies to collectively owned ones for whatever reasons they have in mind. In fact it's perfectly possible to raise money for a coop, or a steward company [1], i.e. not owned by anyone, or owned by the employees but via non-economical shares. You issue special class of shares for the investors - could be redeemable for example - and make a commitment as an elected executive of the company. [1] https://medium.com/bettersharing/steward-ownership-is-capitalism-2-0-76a1c50a6d88 https://medium.com/bettersharing/steward-ownership-is-capita...