Lumifer comments on On Walmart, And Who Bears Responsibility For the Poor - LessWrong
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But it's not. That's a separate topic, however, and our exchange is too voluminous already :-)
It would be if "ownership" really meant ownership and "rewarded for ... efforts" really meant that. But your reply in the other sub-thread suggests that "ownership" is a misleading term here and you're basically talking about a vote and a license to work. See that other sub-thread for details.
This sounds like a mystical incantation: things will just automagically happen because... well... I dunno... they will just happen.
Markets are not magical, they work through well-understood mechanisms that boil down to, crudely, price and greed. I still don't see how these mechanisms would work in your utopia. You seem to think that the way it should happen is through rationally convincing people to commit their labor to a project. That might work for small-scale gardening or, say, art. I strongly doubt it would work for e.g. mining or public toilet cleaning.
And what happens when you were unable to convince the sufficient number of people to produce enough fertilizer and there is not enough food to go round?
Employee-owned is not at all the same thing as managed by referendum.
Oh, there are a LOT of redneck white males and they reproduce quite successfully. As its members die off, the group just hires their children, cousins, nephews, etc.
The problem is, there is a lot of demand for the lifestyle of a rich and idle leisure class, there is not a lot of demand for the lifestyle of doing hard, dirty, and dangerous things that the society needs done to keep its head above the water.