I'd have to learn in more detail, but it seems that this would solve the problems incentives. One critique of socialism I've heard is that there would be no incentive for people to work hard and produce quality. But if workers directly own the profits, that solves that problem, at least to the extent that profits result in hard work and quality "goods". It seems to me it would actually provide a stronger incentive, there would be none of those mysterious "productivity gains" that don't result in wage growth that has the brainless talking heads so baffled. If you know the work you're going to put is going to directly result in a stronger benefit for you, you're going to put in more work. If you think it's going to benefit someone else, but not you, maybe not.
Yeah, although most of that thinking is prior to the "managerial revolution", most of the productivity gains in any organization which are made which do not feed into dividends go to managers, CEOs, boardroom pay, and I'm really not sure what would change that.
Maybe some of the ideas within participatory economics about job rotation, balanced job complexes and things like that, although those kinds of restructured firms ideas would be feasible in either a capitalist or socialist economy.
The thing about incentives, it is cliche to say that rather than "no incentive" it would be "another" or "different" incentive but it has been business practice for years. Since Maslow at least, and lots and lots of business management books will talk about non-monetary incentives. There's definitely different opinions about this which reflect whether the people involved are managerial or operational staff.
Some of the break down during the sub-prime bubble have been attributed to the whole "greed is good" and accumulation as the only possible incentive being adopted completely or eclipsing all else. The economies which work best have been those which always treated some of those capitalist maxims as relative or at the very least embedded in other frameworks. The simultaneous troubles in the US and UK, whether you are a fan of capitalist or not, reflect those other priorities disappearing (westminister has a serious drug and alcohol problem among its politicians I dont know about the US, things too different there but that whole "accumulation is all, more, now, again" thing is definitely a consequence of addiction and excess).
Incentive problems occur in capitalist economies too, although, anyway, there's a good author called Henry who analysed the transition from communism to capitalism and the collapse of communism in the first place. He is able to make a case that the whole "collapse" was planned, as was everything which followed, by the establishment who realized their narratives where spent but they where not prepared to lose the privileges they'd gotten used to.
His account of the decline of communism I think is more convincing as he says it is not the security of employment and incentive issues that ruined everything but the complete devaluation of life, the death drives were maxed out among almost everyone, the same thing is in its early days in the US and UK.
This is part of the reason why I think socialism vs capitalism debates are a little besides the point, more fundamental threats are afoot which kind of make either idea impossible. Really.