This is an utopian Socialist phantasy. It has often been tried and has never worked.

I came from a Socialist country where every company was employee owned. The only exit we received is fleeing as refugees from a civil war.

Look, I understand that you mean well but the only reality that exists is the market and that people are most productive when they have freedom.

Socialism tries to undermine both, first through ideology and when it later inevitably doesn't work through use of force.