How does democracy give employees &quot;control of their own life&quot;? In any organization of appreciable size, your vote doesn&#x27;t matter.<p>Capitalism gives employees control; your life has changed immediately after you exercise your option to <i>exit.</i> Voting simply doesn&#x27;t.<p>It&#x27;s also potentially very harmful, due to the principal&#x2F;agent problem. Every agent (employee) has the incentive to loot the company, build empires, and protect their job. But such things are of course very bad for organizations.<p>This is made worse by democracy, because not only do voters have no incentive to do what&#x27;s best for the organization, they can do whatever makes them feel good (since their vote doesn&#x27;t matter).<p>(As an example of the principal&#x2F;agent problem, witness Marisa Mayer vs Starboard. She wants to keep her job and build her empire at Yahoo. Shareholders want to avoid paying taxes on Alibaba, which will destroy far more value than the Yahoo empire could ever plausibly be worth.)