

I think the boom and bust cycle of tech is result of capitalists trying to make big bets and then mostly failing.
With worker owned companies, you wouldn’t have this type of risky investing. Workers would optimization not for massive returns, but sustainable business practices, products, working conditions. A worker owned company wouldn’t burn cash for 10 years, artificially keeping prices low to starve out competition.
In order to transition to worker owned companies, it would be difficult as you mention, but governments could provide financial to help to get worker owned companies started.

No I wasn’t suggested it be forced or companies be nationalized.
I was saying governments could provide incentives and support for workers to form worker owned companies. At the moment western governments heavily favor formation of capitalist companies.