You have a point, if a democratic workforce votes to increase profit instead of investing in workforce, they will not survive.

I am thinking it would work more like a non-profit, due to all the money made would be used in reinvesting in the company and paying workers.

Aren't some companies artificially kept up or is it manipulation of the market?

I think the capitalist system is already dead, you need markets for capitalist system.

Technofeudalism: Explaining to Slavoj Zizek why I think capitalism has evolved into something worse

https://www.youtube.com/watch?v=Ghx0sq_gXK4