Alan B, You make some fair points, but I think it's way too late for co-operative capitalism to have an impact. Company and competition law is now way too complicated to be undone. And going easy on Mr Compton's loopy ideas does him no favours: since he puts them forward for public discussion, he is entitled to have them taken seriously and treated for what they are worth. You may recall Professor Fred Hilmer's National Competition Policy, adopted by PM Paul Keating: it has resulted in hyper-concentration of many industry markets in Australia, including, in particular, supermarkets, which Mr Compton correctly mentioned. Others include banking and air transport, for example. Nobody has ever successfully explained how competition is enhanced by reducing the number of competitors, yet that is effectively what Hilmer proposed. And competition law has generally been allowed by governments to contribute to that hyper-concentration. Strange that former free market ideologues in the Liberal Party came to be supporters of an entirely artificial market for energy, too, but there you go. Company law makes it imperative that directors and executives do everything in their power to maximise profits and returns to shareholders, so until that is addressed, fantasies like Mr Compton's are a waste of time. In any case, his baseline argument - that more and more people will work for non-profit organisations (which make a profit!) - is a contradiction in terms. And, as you and I have both noted, if a company does not produce a profit it will pay no company tax (though its employees will pay income tax and GST and other imposts). Without profits, maintenance of plant and equipment must eventually become problematical. Of course, perhaps he is suggesting that such non-profit profit-makers will always produce just enough profit to cover such costs and thus maintain the non-profit status.

CW. It's always to late for reform! It's always too complicated and so, nothing of much moment changes! Regardless of how persuasive and cogent the argument backing that reform is!

And always opposed by those who always know the reasons it won't work or can't be done! Seriously there are only three things missing. Vision, leadership and testicular fortitude!
Alan B.

the nature of most human beings is to feather their own nest.

The kind of behaviour by the leaders of corporations,
or the shady men in the board rooms that this article writer seeks, can only be regulated by governments.

But these global corporations, play countries off against each other, by shifting all their profits to low taxing countries and all their losses to countries like Australia, so they hardly pay any tax, from the wealth they milk from the land that belongs to the people of Australia.
The corporations are calling the shots and our governments seem powerless to stop them.