Time to Rethink Capitalism?

I recently read a very provocative Harvard Business Review article written by a professor at IMD in Geneva. He points out that investors have historically governed businesses because, in an industrial economy, their capital is most at risk if the business fails. He goes on to suggest that investment in large corporations has become so dispersed that employees now bear a more significant risk than investors. In addition, the knowledge and skill base of the workforce has eclipsed access to capital as the key source of strategic advantage. At first, his proposition for shared governance seems socialistic but his reasoning is much more strategic than social.