Except there is because you need initial capital to start a business, and when capital is handed out by rich VCs who want a stake in a business then good luck g

Except there is because you need initial capital to start a business, and when capital is handed out by rich VCs who want a stake in a business then good luck getting that capital for a cooperative. A different model could be that the central bank acts as the investor, and businesses are required to run using a cooperative model. Again, the point here is to have fair wealth distribution as opposed to having wealth accumulation. Given that the initial wealth is largely a factor of luck, the current model hardly seems fair or moral.