Didn’t say they run it. The person who runs it can be simply another employee. It’s just there are no outside investors and everyone has a vote on the board. You put someone in charge you trust but everyone as a whole has a say in big picture stuff with the person at the top being day to day and being held accountable to employees and not investors.

Capitalism fundamentally changes the relationship between workers and their work. One takes the value they create and gives it to someone else. One doesn’t.