> You can’t keep it “truly democratic” - the owners are basically there to replace the management if they go insane. In a sense, that's true of other kinds of

> You can’t keep it “truly democratic” - the owners are basically there to replace the management if they go insane. In a sense, that's true of other kinds of business, which also allow their owners to vote. The difference is that in a coop it's one person one vote, and nobody can be an owner without being a stakeholder of another kind (such as an employee or a customer), whereas in a conventional business there's no reason owners must intersect with other kinds of stakeholders (though there might still be some overlap), and votes don't necessarily have equal value.