Although I agree that it would be a sensible idea to rein in unemployment and also to get low cost, American made goods to the people of this country. Especially if the companies supported were co-ops. Without the profit, just paying worker's costs and not bloated upper management and dividends, you could have lower priced commodities available for the public.
But the reason it'll never work is because the capitalists won't LET it happen. THEY DON'T WANT TO ACTUALLY COMPETE! And they for sure don't want to compete against worker owned co-ops. Because they don't want to compete is the reason they fought so hard against the PO during the health insurance reform debate. They knew that a Medicare For All type of option would run them out of business once people had some experience with it.
The only way you'll see this type of thing actually happen is after a socialist revolution.
Edited to add: BTW, welcome to DU and to our little Classic Red corner of it. 
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