In this participative model the individual may remain individual while still benefiting from the "common bond" to which he has - consensually (not by imposed government fiat) - agreed.
Moreover this is not a RE-distributive model but a PRE-distributive model.
Within an "Open Corporate" there is no Profit and no Loss: and it is in members' interests to cooperate, rather than to compete.
It opens up the possibility of a model neither Private nor Public but both/ and - where investment may be obtained for developing public assets by selling not the assets themselves, but merely a proportional "Equity Share" of their production (or the revenues from the sale of production). "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
But the more I know about cooperatives, the more I know I don't know about them, so would like to impose a moratorium on myself for mentioning them until I do some more homework.
Actually, that goes for a lot of subjects discussed here! Truth unfolds in time through a communal process.
