Are you suggesting that ZERO "capitalist" businesses have gone out of business for the exact same reasons?
Are you familiar with,
Total number of employees in 2019: 81,507
It is the biggest employee owned company in Spain by number of employees and in terms of revenue, is by far the biggest employee owned company in Europe. The cooperative has 257 companies which employ over 80,000 people and have revenues exceeding 12 billion euros. It is also the tenth biggest Spanish company when turnover is taken into consideration.
John Lewis Partnership
Total number of employees in 2019: 83,000
It is the biggest employee owned company in the UK, and owns John Lewis & Partners department stores, its banking and financial services, Waitrose & Partner Supermarkets and other retail activities as well. It is the third biggest company in the UK which is not traded on the stock exchange and the chain appeals to upper middle class and upper class shoppers. The company was established in 1929 and was founded on Oxford Street in London.
Total number of employees in 2019: 207,000
Topping the list of the 5 largest employee owned companies in the world is Publix Supermarkets, which is based in the USA. The company is 90 years old and is headquartered in Florida. Throughout the decades, the company has continued to be owned by members of the Jenkin family, who were the founders as well as past and present employees of the company too. The company has over 1,200 locations across the US and is the only employee owned company to have more than 200,000 employees. The company is one of the 100 biggest companies in the US regardless of ownership or industry, and is one of the biggest private companies in the US as well, surpassing most of those which are not owned by employees. Publix had revenues of over $38.1 billion in 2019 with a net income exceeding $3 billion. It is one of the very few companies which have been named in Fortune’s 100 Best Companies to Work For every year since its inception 22 years ago in 1998.