Because the correct trade-off between ability to raise expansion capital via selling stock and maintaining worker control has not yet been achieved. Most current worker coops, for instance, do not have any structure for selling nonvoting stock, so they face a lot of difficulty in raising capital to expand.
so they face a lot of difficulty in raising capital to expand.
How would a worker controlled coop expand? Would the new workers be given the same voting rights as the original workers? If so you have to ensure that the new workers have the same vision for how the coop should be run. Also, what do you do if market conditions require a contraction?
Because the correct trade-off between ability to raise expansion capital via selling stock and maintaining worker control has not yet been achieved. Most current worker coops, for instance, do not have any structure for selling nonvoting stock, so they face a lot of difficulty in raising capital to expand.
How will you recognize the “correct trade-off”?
How would a worker controlled coop expand? Would the new workers be given the same voting rights as the original workers? If so you have to ensure that the new workers have the same vision for how the coop should be run. Also, what do you do if market conditions require a contraction?
These questions are all answered in the existing literature.