In contrast, the democratised companies I propose here, and in Another Now, are more consistent with well-functioning, competitive markets in which prices – free from the scourge of rent and concentrated market power – are formed. Put differently, doing away with capitalist firms, through terminating labour and share markets, paves the ground for truly competitive product markets and a process of price formation that powers up the great engine of entrepreneurship and innovation which conventional thinking, wrongly, associates with capitalism.[18]
