No, like Sweden, Finland, Norway, Denmark and Christian Democracy like Germany et al, which is not far away on economic policy.  None of these places are dictatorial, although France seems to want to give it a shot by letting a Trumpist run.

The product of labor is the percentage of product cost or value attributable to workers.  Employers calculate it every day and try to make sure that pay is less than that amount because they have the leverage to do so.

People don't want to be owners because they don't know the benefits, although I suspect that seeing CEO lifestyles may have changed their minds.  They most likely believe they can never attain such ownership.  The job of people like me is to show them that they can and that doing so has benefits in terms of cash and prizes.

I have mostly been a public employee, an entrepreneur and a beltway bandit (government jobs which have been privatized).  My next gig is to consult with employee owned firm.