You’re forgetting that people don’t like disruption in their lives. Seeking short term profits ends up causing disruptions, so employee-owned companies are disincentivised to seek short-term gains, though it’s still technically possible.

Another thing to note is that most employee-owned companies have a disbursement periods where it takes years for an employee to have a full stake in the company.

Having a mix of beneficial strategies would be best imo. Co-ops are better for servicing a single community, while employee-owned can scale up better.