Except for the part where the company gets outcompeted and goes bankrupt.

And no, we cannot just outlaw competition. Having an efficient economy is important and valuable because it allows us to have a higher standard of living while putting in less work.

Nobody suggested outlawing competition, or made any points that would imply anything related to that.

They get outcompeted because worker-owned companies aren't allowed to be leeches. You can't have your workers own negative shares.

But, many companies (especially those really competitive ones!) just... don't make money. It's easy to be a big disrupter like Uber when you make -500 million dollars a year for 15 years. Naturally that wouldn't when you aren't on capital welfare.