American corporations are dystopian entities run by shareholder cartels, and the only real fix is the German approach, i.e. give worker organizations the same number of corporate board seats as the shareholder organizations have.
This would enable employees to place limits on practices like invasive monitoring, stock buybacks, etc., and lead to better decision making as well.
If this happened the pendulum might just swing the other way, with workers effectively siphoning all profits instead of reinvesting it into the company for continued growth or paying out anything to the shareholders. Maybe not the worst situation to be in from a humanity and workers' rights perspective, but the US is powerful because of its economic position, so such regulation allowing/forcing this would need impeccable checks and balances to ensure the U.S. doesn't lose its foothold as the largest world power that other countries have to cater to.
If the workers are empowered why does Germany lag behind the US, most Nordics, and other Northern European neighbors in PPP per capita? I assume work organizations would be able to get more share of profits.
This would enable employees to place limits on practices like invasive monitoring, stock buybacks, etc., and lead to better decision making as well.